The recent collapse of the Terra ecosystem and the Luna cryptocurrency has left many investors holding worthless bags of a failed crypto, and the collapse of the UST stablecoin has shaken the confidence that many crypto investors had in stablecoins. Although I can't get into any coin specific analysis, I do think the collapse of the Terra cryptocurrency ecosystem presents a valuable teaching point, and I think today is a perfect time to deep dive into stablecoins. In today's post, I'll explain what a stablecoin is, why they are used in cryptocurrency, and compare and contrast the different ways in which stablecoins maintain their value.
Not So Stable??? - An Analysis of Stablecoins
Hi everyone. I'm just a simple man trying to make my way in the universe. I am passionate about cryptocurrency and hope that I can make at least some small contribution towards promoting wider crypto adoption and understanding.
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