Why I’m Keeping My Stablecoin Holdings In BUSD
There is an ongoing heated debate about the future of stablecoins in the crypto market.
It all began on May 7, when the price of algorithmic stablecoin terraUSD (UST), which was supposed to maintain a $1 peg, started to wobble.
UST then collapsed and died a sudden death. It wiped out about $30 billion of people’s hard earned money.