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The world’s biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style “bank run.”
Justin Tallis | AFP via Getty Images
Britain wants to make sure stablecoins don’t end up threatening the wider financial system following the collapse of controversial crypto project Terra.
The government on Tuesday proposed amending existing rules to manage the failure of stablecoin firms that may pose a “systemic”…
