Bloomberg Strategist: $UST’s Collapse Is Something We Were ‘Expecting’

Bloomberg Strategist: $UST’s Collapse Is Something We Were ‘Expecting’


CryptoGlobe
2022-05-21 10:30:23

In a recent interview, Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his thoughts on the collapse of $UST. Speaking in an interview with Cointelegraph, McGlone said the $UST price collapse was a warning to the rest of the crypto industry on the dangers of algorithmic stablecoins. $UST, which most investors originally […]