• Written by: (Blockchain News
  • Mon, 03 Apr 2023
  •   Hong Kong

Recent failures of established financial institutions, such as Silicon Valley Bank and Signature Bank, have highlighted the potential for distress to spread to the decentralized finance (DeFi) sector. The depegging of stablecoins, including Circle's USD coin (USDC), has also brought governance risks related to the custody of reserve assets to the forefront. Moody's anticipates that regulators could increase their scrutiny of stablecoins and require greater counterparty diversification. (Read More)

Stablecoin Depeg Event Reveals Risks to DeFi and Traditional Finance