Terra Collapse Could Spell End for Algorithmic Stablecoins
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Algorithmic incentives for stablecoin pegs remain an unsolved problem, head of portfolio management at Securitize said Regulators have promised rules to protect investors, but lawmakers haven’t yet…
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Ethereum competitor Cardano (ADA) has teamed up with blockchain payments ecosystem COTI to launch a new algorithmic stablecoin. In a new blog post, COTI says that Djed, the first-ever algorithmic... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
Sonic Labs has called off the launch of an algorithmic USD stablecoin because of the new regulations in the U.S. The current proposed STABLE Act includes a ban on algorithmic stablecoins for two years. Andre Cronje agreed with the decision and mentioned previous disappointments such as TerraUSD. Sonic Labs has…
On April 21, Justin Sun, the founder of Tron, announced the launch of a decentralized algorithmic stablecoin called USDD. Sun said on Thursday that the USDD Network will “provide custody service for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
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