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      Even Fully Backed Stablecoins Can Face Runs When Fees Spike, Fed Warns

      A Federal Reserve staff paper finds fully backed stablecoins can still face sudden runs when blockchain congestion drives transaction fees too high. The GENIUS Act regulates issuer reserves but sets no capacity or price standard for the public blockchains carrying the tokens.

      Source: Coinpaprika
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud