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Janet Yellen says risks related to stablecoins are 'growing very rapidly' but they're not yet a real threat to financial stability

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Web: https://markets.businessinsider.com/news/currencies/cryptocurrencies-janet-yellen-stablecoins-terra-tether-luna-stability-risks-markets-2022-5

May 12, 2022, 8:18 p.m. | insider@insider.com (Carla Mozée)

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Yellen testified on Capitol Hill on Thursday as TerraUSD recovered some ground but at $0.33 was still below its $1 peg.

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