# Cryptocurrency: UK Treasury to regulate some stablecoins **URL:** \ **Category:** Investing / Cryptocurrencies\ **Created:** [April 5, 2022, 9:05am UTC](https://forum.mustachianpost.com/t/cryptocurrency-uk-treasury-to-regulate-some-stablecoins/8248 "2022-04-05T09:05:33Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![Mr\_Zack](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/m/3ec8ea/32.png) [@Mr\_Zack](https://forum.mustachianpost.com/u/Mr_Zack)\ **Post date:** [April 5, 2022, 9:05am UTC](https://forum.mustachianpost.com/t/cryptocurrency-uk-treasury-to-regulate-some-stablecoins/8248/1 "2022-04-05T09:05:33Z")
> **[Cryptocurrency: UK Treasury to regulate some stablecoins](https://www.bbc.com/news/business-60983561)** > > Treasury Minister John Glen says "stablecoins" could be used as a means of payment. ---
**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\ **Post date:** [April 5, 2022, 9:51am UTC](https://forum.mustachianpost.com/t/cryptocurrency-uk-treasury-to-regulate-some-stablecoins/8248/2 "2022-04-05T09:51:27Z")
> well-known ones include Tether and Binance USD. Stablecoins are mostly operating on Ether chain, but cheap transfers are possible with Binance and Tron chains. Anything else? ---
**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\ **Post date:** [April 5, 2022, 9:57am UTC](https://forum.mustachianpost.com/t/cryptocurrency-uk-treasury-to-regulate-some-stablecoins/8248/3 "2022-04-05T09:57:52Z")
Opened my crypto wallet app and got a message that Tether on Solana chain was added, and transfers are really cheap! So at least following coins are used as gas for stablecoin transfers: ETH SOL TRX BNB MATIC LUNA All large caps, so no surprises. ---
**Author:** ![FIREstarter](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/f/b38774/32.png) [@FIREstarter](https://forum.mustachianpost.com/u/FIREstarter)\ **Post date:** [April 5, 2022, 10:09am UTC](https://forum.mustachianpost.com/t/cryptocurrency-uk-treasury-to-regulate-some-stablecoins/8248/4 "2022-04-05T10:09:22Z")
Just wondering: what does the chain itself has to do with stablecoin regulation? Yes, you can pay gas fees in the coins you mentioned, but I think that’s not the idea of the shared article. USDT clearly has issues and is most probably not backed at all by the actual amount in USD. USDC might be the better choice as of right now. Imagine USDT blowing up - that would be a pretty big nightmare for a lot of people being invested in crypto space. ---
**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\ **Post date:** [April 5, 2022, 10:13am UTC](https://forum.mustachianpost.com/t/cryptocurrency-uk-treasury-to-regulate-some-stablecoins/8248/5 "2022-04-05T10:13:28Z")
> [@FIREstarter](#): > > Just wondering: what does the chain itself has to do with stablecoin regulation? Regulation means adoption, so more transfers, more gas paid. > [@FIREstarter](#): > > Imagine USDT blowing up - that would be a pretty big nightmare for a lot of people being invested in crypto space. I am net short on USDT 🤣 ---
**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\ **Post date:** [April 5, 2022, 10:15am UTC](https://forum.mustachianpost.com/t/cryptocurrency-uk-treasury-to-regulate-some-stablecoins/8248/6 "2022-04-05T10:15:29Z")
Seriously, why invest in stablecoins? For high interest rates? ---
**Author:** ![FIREstarter](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/f/b38774/32.png) [@FIREstarter](https://forum.mustachianpost.com/u/FIREstarter)\ **Post date:** [April 5, 2022, 10:33am UTC](https://forum.mustachianpost.com/t/cryptocurrency-uk-treasury-to-regulate-some-stablecoins/8248/7 "2022-04-05T10:33:07Z")
I’m also not “investing” in stablecoins. It’s just that a lot of currency pairs on CEXs are traded with USDT (I’d say 80%+). Imagine USDT blowing up, while you have some USDT sitting in your CEX waiting to buy some “standard” crypto coins. Speaking of: I should check how much exposure I have to USDT. Definitely I still have some USDT sitting around. ---
**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\ **Post date:** [April 5, 2022, 10:36am UTC](https://forum.mustachianpost.com/t/cryptocurrency-uk-treasury-to-regulate-some-stablecoins/8248/8 "2022-04-05T10:36:35Z")
> [@FIREstarter](#): > > It’s just that a lot of currency pairs on CEXs are traded with USDT Or BTC. Or just USD. Anyway it’s a technical detail as long as you don’t transfer USDT out.