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IMF’s Georgieva Urges Against Abandoning All Crypto After Terra’s Crash

  • Risks are there, but not equally among all types of crypto
  • Regulators must provide better guardrails, education
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Failed Terra Stablecoin Rescue Costs $2.9B
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People shouldn’t completely shun the crypto world after the recent collapse of a popular stablecoin, an official at the International Monetary Fund said Monday. 

TerraUSD, or UST, imploded earlier this month, setting off a chain reaction that saw the overall value of the cryptocurrency market slashed by hundreds of billions of dollars.