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South Korea’s financial regulator asks crypto exchanges to step up inspections of stablecoins to prevent the Luna incident from happening again

May 22, 2022
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South Korea’s Financial Services Commission (FSC) has asked exchanges to strengthen inspections of stablecoins to prevent the Luna incident from happening again.

Currently listed on the four exchanges of Upbit, Bithumb, Coinone, and Korbit, TRON, which is related to the algorithmic stable currency, has just launched USDD that imitates UST.

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