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UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks

Treasury Secretary Janet Yellen highlights latest news on UST algorithmic stablecoin losing its dollar peg during Senate Banking Committee hearing.

Par Jesse Hamilton

Mise à jour 11 mai 2023, 4:56 p.m. Publié 10 mai 2022, 2:38 p.m. Traduit par IA

Treasury Secretary Janet Yellen highlighted the difficulties of UST during a Senate Banking Committee hearing on risks to the financial system. (Elizabeth Frantz-Pool/Getty Images)