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Powell: Stablecoin UST doesn't have the regulatory program it needs right now

On June 22, Powell, chairman of the Federal Reserve, said that stablecoin UST does not have the regulatory plan it needs for the time being.
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Given LUNA's relationship with UST and the breadth of its utility, how likely is UST to collapse? Or will there be a mechanism to fix the crash? This is how we see Terra's demise today.
Although USN is very similar to UST in terms of interface and user experience, the underlying logic is different.
While examples like LUNA and UST are regrettable, Binance is committed to building a sustainable and rich blockchain ecosystem for all.
UST's current path has never been taken before, and it would be inappropriate to follow LUNA's path at this time.
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