Stablecoin Skepticism
The collapse of Luna's UST has sparked skepticism around stablecoins, particularly algorithmic ones. While backed stablecoins are deemed necessary and reliable, algorithmic models face criticism for their circular logic, which can lead to catastrophic failure. There’s a possibility of integrating established cryptocurrencies like ETH into a more stable framework, but the need for algorithmic stablecoins remains questionable.In this clip
From this podcast
The James Altucher Show
What backs Bitcoin and do we trust Bitcoin? with Omid Malekan
Related Questions