Buterin: How to create algo stablecoins that don’t turn into Ponzis or collapse
May 27, 2022
Crypto Nanobot
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Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable. Buterin’s comments were sparked by the multi-billion dollar losses caused by the collapse of the Terra ecosystem and its algo stablecoin TerraUSD (UST). In a Wednesday blog post, Buterin noted that the increased amount of scrutiny […]
