Stablecoins were under pressure after the crash of UST algorithmic stablecoin in mid-May. Tether co-founder Reeve Collins on Thursday said the UST collapse could mean the end of most algorithmic stablecoins. However, USDT also temporarily lost its peg to the US dollar, witnessing massive redemptions. The crash of UST brought stable coins under the scrutiny The post Stablecoins Dumped As Tether Founder Sees End Of Algorithmic Tokens appeared first on CoinGape.
