Algorithmic Stablecoins: What They Are and How They Can Go Terribly Wrong - CoinDesk

The stunning crash of UST stablecoin and LUNA, its sister token, has many questioning if an algorithmic stablecoin can be trusted.

Cryptocurrencies are known for volatility; they can go up and down in double digits. But one form of cryptocurrency, called stablecoins, aims to provide refuge to those who want to exit constant vola… [+7609 chars]

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