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