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CoinGape 2022-05-11 15:33:27

This Billionaire Warned Against Algorithmic Stablecoins in 2021, What’s Next?

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.

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