The recent collapse of Terra Luna and UST has us thinking that stablecoins are not so stable after all. What does this mean for the other stablecoins (such as USDT, USDC, BUSD) you are holding? Can they be attacked as well? Can we still rely on the “stability” of stablecoins? Will algorithmic stablecoins work?
Stablecoin Article: https://boxmining.com/stablecoin-comparisons-which-is-the-best/
0:00 Introduction
0:52 Types of stablecoins
2:02 Failure of algo stablecoin
4:10 Stablecoins being attacked
5:33 Risks of stablecoins
6:05 USDT vs USDC vs BUSD
8:17 Will algo stablecoins work?
9:27 Conclusion
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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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