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The TerraUSD Stablecoin Lunacy Explained

If it sounds too good to be true, it probably is too good to be true

One of the more ironic parts of the crypto space over the past few years has been stablecoins. Crypto is a bet on dollar (and other fiat currency) devaluation, yet stablecoins choose to peg and therefore derive their value from the dollar. What?

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Tony Yiu

Tony Yiu

Data scientist. Founder Alpha Beta Blog. Doing my best to explain the complex in plain English. Support my writing: https://tonester524.medium.com/membership

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