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New Fed Report Repeats Warning About Stablecoin Run Risks as UST Loses Peg

The Federal Reserve's biannual report came out on the same day Terra's dollar-pegged UST stablecoin fell below $0.85.

U.S. Treasury Undersecretary for Domestic Finance Nellie Liang is among U.S. officials warning about run risks in stablecoins. (Win McNamee/Getty Images)
U.S. Treasury Undersecretary for Domestic Finance Nellie Liang is among U.S. officials warning about run risks in stablecoins. (Win McNamee/Getty Images)