TerraUSD disaster will be the demise of other algorithmic stable coins as well: Tether co-founder

Stablecoins are cryptocurrencies linked to a physical asset and pegged 1:1 to the US dollar. TerraUSD, sometimes known as UST, is an algorithmic stablecoin linked to the US dollar. UST was managed by an algorithm, unlike stablecoins like Tether and USD Coin, which are backed by real-world assets like fiat currencies and treasury securities to […]