IMF head says stablecoins not backed by assets are a 'pyramid,' hinting at UST debacle that crashed markets - CNBC

IMF Managing Director Kristalina Georgieva was hinting at the collapse of stablecoin terraUSD and sister token luna that fueled a crash in the crypto market.

DAVOS, Switzerland Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund said Monday, hinting at the collapse of terraUSD and lun… [+1162 chars]

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