Terra Stablecoin’s Collapse Brings Political Edge to Cryptocurrency Market
The collapse of Terra, the third-largest stablecoin and one of the biggest blockchains, has erased over $41bn in value in the largest single-asset financial event in history. While this may not destroy the cryptocurrency market, it brings a new political edge to it. Experts analyse how this event might impact businesses and investments in the UK.
Central Banks and Regulatory Scrutiny to be Impacted by Terra Crash
Central Banks and the cryptocurrency market are likely to be impacted by Terra’s crash. Regulatory scrutiny and political involvement is likely to increase, which may have implications for businesses and investors alike.
UK Businesses and Investors Face Potential Threat from Terra Crash
According to experts, the UK should expect to see a shift in market dynamics with investors becoming increasingly wary of stablecoins following this event. This could pose a potential threat to the current investment landscape. It remains to be seen how businesses and investors will react to the Terra crash, but one thing is clear: the cryptocurrency market has entered a new era and it cannot be ignored.
Read More Here https://www.newstatesman.com/comment/2022/05/what-the-terra-crash-means-for-the-future-of-crypto
