Sunday, May 26, 2024

Stablecoin Terra

By DAC000 , in Cryptocurrency luna stablecoin terra , at May 10, 2022 Tags: , , ,

broke it’s dollar peg overnight, in a dramatic fall that took USD losses to almost 50%. About a one minute read.

Comment: ok, its important to note all Stablecoin’s are created the same: some (like Tether) are currency backed, others (like Dai) are cryptocurrency backed and then, there are the Algorithmic Stablecoins like Terra. The media, unfortunately, is lumping them all together and that’s indicative of an agenda.