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Seeking Alpha
2022-05-30 11:00:00

TerraUSD Update: The Plan To Reestablish Stability

TerraUSD Update: The Plan To Reestablish Stability

TerraUSD lost more than 90% of its value seemingly overnight, causing a frenzied panic among crypto investors who assumed their investment in the stablecoin was safe due to its design.UST-USD differs from other stablecoins in that it’s not backed by real-world assets.Even with a TerraUSD update, there’s tough times ahead for algorithmic stablecoins.

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