Cryptocurrency prices are plummeting. A so-called stablecoin lost all its value in a matter of days. A newfangled crypto bank halted withdrawals. And investors have been plunged into financial ruin. Now the crypto industry is grappling with an even grimmer prospect: The worst may be yet to come. Best of Express Premium Premium Premium Premium […]
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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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