UST aftermath: Is there any future for algorithmic stablecoins?

ust-aftermath:-is-there-any-future-for-algorithmic-stablecoins?

The quest continues for the perfect “stand in” for the U.S. dollar. But, UST’s crash suggests that algo stables may be “inherently fragile.” TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for $0.083. This isn’t supposed to happen, of course, but last … Read more

Crypto-associated stocks hammered as COIN and HOOD drop to record lows

crypto-associated-stocks-hammered-as-coin-and-hood-drop-to-record-lows

The stock price of listed BTC mining companies and other businesses with exposure to cryptocurrency are dropping to yearly lows as the crypto market continues to sell-off. Bad news continues to dominate crypto media headlines and May 12’s juiciest tidbit was the unexpected collapse of the Terra ecosystem. In addition to the weakness seen in … Read more