TerraUSD collapse will 'probably be the end' of most algorithmic stablecoins, crypto exec says - CNBC

6/2/2022 12:00:00 AM2 years 11 months ago
by Arjun Kharpal
by Arjun Kharpal
TerraUSD is an algorithmic stablecoin which was supposed to be pegged to the U.S. dollar. But it collapsed and sent shockwaves through the crypto market.
Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, dropped to $0. The collapse of the algorithmic stablecoin TerraUSD has raised question about the future survival of similar crypt… [+3383 chars]
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