What is an algorithmic stablecoin? Why is Terra in the news? Will it collapse and could it endanger the whole crypto ecosystem?
May 10, 2022 at 20:04 PM EDT
Stablecoin is a type of cryptocurrency whose value is pegged to other assets, usually fiat currencies such as U.S. dollars. On Monday, algorithmic stablecoin Terra fell to as low as 61 cents on crypto exchange Binance.
