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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.

By Jesse Hamilton

Updated May 11, 2023, 4:56 p.m. Published May 10, 2022, 2:38 p.m.

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)