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The Daily Hodl
2022-04-14 22:05:15

Backing Stablecoins With Bitcoin or Altcoins Eliminates This Massive Risk, Says Terra (LUNA) Founder Do Kwon

Backing Stablecoins With Bitcoin or Altcoins Eliminates This Massive Risk, Says Terra (LUNA) Founder Do Kwon

Terra (LUNA) founder Do Kwon says that backing stablecoins with the US dollar may limit the use cases of these assets. In a new interview on CNBC, Kwon identifies the potential risks that come with pegging stablecoins, which are crypto assets backed by a reserve asset such as fiat or another cryptocurrency to offer price […]The post Backing Stablecoins With Bitcoin or Altcoins Eliminates This Massive Risk, Says Terra (LUNA) Founder Do Kwon appeared first on The Daily Hodl.

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