Tag: Luna Terra stablecoin

‘End of algo stablecoins’: Tether co-founder on Luna-Terra fiasco

‘End of algo stablecoins’: Tether co-founder on Luna-Terra fiasco

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Luna-Terra fiasco has raised several questions about the future of algorithmically designed stablecoins. The Terra-Luna crash could be the end of the algo stablecoins, according to Tether cofounder Reeve Collins. There are three types of stablecoins: crypto-backed, where the token is collateralised by cryptocurrencies; fiat-backed, in which the token is pegged to either USD or […]

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‘End of algo stablecoins’: Tether co-founder on Luna-Terra fiasco

Luna-Terra crash: A brief history of failed algorithmic stablecoins

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The stunning fall of the Terra stablecoin made the overall crypto market unstable, wiping out more than $200 billion in the space. The value of Luna Terra plunged about 80 per cent, making the coins now almost worthless. It should be noted that stablecoins work on the supply and demand game. Any stable coin that […]

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