After TerraUSD (UST) Depegging, Macro Guru Raoul Pal Says Stablecoin Regulation Could Be Coming
-Raoul Pal, the CEO of Real Vision and former Goldman Sachs executive, believes that the recent issues with Terra’s algorithmic stablecoin, UST, may lead to new stablecoin regulation.
-In a new interview with Bankless, Pal says that UST’s recent loss of its USD peg is part and parcel of most financial markets.
-Pal says that the situation with UST could be used as justification by regulators to bring in new rules and restrictions on stablecoins.
-Pal says that while many in the industry will lament stablecoin regulations, it’s likely a necessary stepping stone for the space.
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