#algorithmicstablecoins

Read the full guide: Read the best selling book: TOKENIZED TRILLIONS: Also check out: BLOCKCHAIN APPLIED: Join our Discord Channel: Join our Telegram Group: Subscribe to our newsletter: #NotFinancialAdvice

Photo Source Introduction The recent Terra/UST collapse has shook the cryptocurrency markets causing many to question the position algorithmic stablecoins hold within the industry. Furthermore, this shockwave

The collapse of UST had an immense effect on the crypto market and community and still is all over the news. Many people lost their life savings with the “stable” coin UST. Here I explain how it happened,

The main reason algorithmic stable coin UST failed was that the foundation behind the Terra system project got “greedy” and allowed way more debt than they could sustain, making the Terra system vulnerable

"UST stable coin veers wildly from dollar peg. Life savings lost." These are the headlines that shocked many. If you are confused about what's going on, I invite you to dive into what happened

Photo Source INTRODUCTION: "An algorithmic stablecoin is a token that adjusts its supply deterministically (i.e. using an algorithm) in order to move the price of the token in the direction of a price