“It does make sense that this episode with Terra would refocus attention on stablecoins generally,โ Toomey told reporters on a conference call, but he defended tokens backed by assets such as cash and securities and said he doesnโt see them as a risk to the financial system, as suggested by U.S. regulators.
‘Failure Should Be an Option,’ US Sen. Pat Toomey Says of UST Turmoil
