Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will look at the recent volatility in the crypto markets when creating rules for the space in 2022.

Pritchard is the most popular name in Pritchard, according to a Bloomberg report on Friday. the financial regulator will “absolutely” take into account stablecoins like TerraUSD (UST) and (USDTIn drafting regulations guidelines for Her Majesty’s Treasury, he (depegging the U.S. Dollar) in order to depegg from it. These guidelines will be released later this year. While the USDT price only briefly dropped to $0.97 on May 12, UST’s has fallen more than 93% since May 9 to reach roughly $0.06 at the time of publication.