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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (187631)	5/15/2022 11:01:20 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217588

What happens once people realise that 'money' is not Money Terra Terror bloomberg.com Terra Hasn’t Killed Crypto, But It Was a Narrow Escape Algorithmic stablecoins were about to hit prime time. Now they're having an existential crisis. Emily Nicolle 15 May 2022, 20:15 GMT+8 High-profile algorithmic stablecoins may end up being the main casualty from Terra’s collapse. Photographer: NurPhoto Speculation that the collapse of one of the biggest experiments in decentralized finance could bring about the death of crypto appears to have been overblown. If Terra’s implosion had happened after a few more months of growth, the resultant market impact might have created a DeFi version of 2008 — instead, high-profile algorithmic stablecoins may end up being the main casualty. In a tumble starting on May 9, Terraform Labs’ TerraUSD — a token that primarily uses algorithms, rather than collateral, to adjust its supply and maintain a 1-to-1 peg with the US dollar — and its digital coin counterpart Luna lost almost all their value, while activity on the underlying Terra blockchain was twice suspended. A month after reaching a record of $119, the price of Luna now trades at near zero, while UST is stuck around 20 cents.