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Yellen’s stablecoin warning; China’s e-CNY plans looking shaky

Treasury Secretary Janet Yellen cites UST’s downfall as warning over stablecoins. Meanwhile, China postpones Asian Games and e-CNY rollout.

Welcome to The Daily Forkast – May 11th, 2022 – presented by Megha Chaddah.

Coming up on today’s show:

US Secretary of the Treasury Janet Yellen cites Terra’s UST fiasco while warning over stablecoins. 

Meanwhile, Crypto.com COO warns of tough times ahead for markets.

And finally, Asian Games postponement, Covid-19 lockdowns affect China’s digital yuan rollout.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast May 11th.