Stablecoins should ‘be held to same standards’: Ardoino
Beyond outlining how the stablecoin’s backing had changed, Ardoino also highlighted how the ecosystem should move forward amid the recent collapse of Terra’s UST stablecoin.
“In my opinion, what we would like to see is clear guidance on the type of disclosures that we need to have,” he said. “Everyone points at us and says ‘OK guys, you have to give everything to the public.’ Fine, that is a fair request from the community. At the same time, that would need to be true for everyone. Everyone needs to be held to the same standards.”
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