Mike Macglone Usd Coin Bitcoin France county Luna state New York Stablecoin Tether Mike Macglone Usd Coin Bitcoin France county Luna state New York

Analysts assess the aftermath of the Terra (LUNA) collapse | Cointelegraph interview

Reading now: 119
cointelegraph.com

Financial commentator Frances Coppola is convinced that algorithmic stablecoins such as TerraUSD (UST) will always be vulnerable to sudden collapses, no matter how much the technology improves. “They can improve their game theory, they can improve their risk assessment, but I think there will still always be some states of the world that they won’t have thought of,” pointed out Coppola in a discussion with Mike McGlone, senior commodity strategist at Bloomberg.Terra’s UST stablecoin, which relied on an algorithm to maintain a peg to the U.S.

dollar, collapsed last week, sparking turmoil in the crypto markets.According to McGlone, Terra’s collapse is part of a natural “purge” of the crypto space that happens in every bear market.

Read more on cointelegraph.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA