Despite criticism from various quarters, the phenomenon of algorithmic stablecoins continued to gain popularity until recent past. After the massive decline in $UST’s value earlier this week, all the spotlight is on the vulnerability of these code-based stablecoins. Criticism Clouded Algorithmic Stablecoins Questions were raised in the past over a lack of collateral that supported The post This Billionaire Warned Against Algorithmic Stablecoins in 2021, What’s Next? appeared first on CoinGape.
