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UST Stable Coin Collapse. Terra Luna Dying! USDT next? USDC to save the market.
2 years ago
5
Stable coins are in trouble. What are stable coins? Some can get pretty technical like UST where it's algorithmically run to try and maintain a dollar value. Some hold other assets to try to maintain a dollar value. What if those assets fall in value that backs it? Well, you end up with a not-so-stable stable coin. Crypto, including stable coins, are about to face significant regulation and the US Treasury is eyeing stable coins as its victim to "protect" you from yourself.
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