Algorithmic Stablecoins After Terra: Why the Model Persists
TerraUST's $40 billion wipeout was a category failure, not a one-off. Every algorithmic stablecoin since has run the same death-spiral math, just with better branding.
regulation
2 stories mentioning it. Newest first.
TerraUST's $40 billion wipeout was a category failure, not a one-off. Every algorithmic stablecoin since has run the same death-spiral math, just with better branding.
Terra's UST stablecoin and LUNA token erased $60 billion in days. Here is how an algorithmic stablecoin death-spiralled, and what it taught crypto.