Terra-Luna Meltdown — It’s Not Bitcoin - Medium That was David Gerard’s assessment of the “algorithmic stablecoin” TerraUSD and its sister coin, Luna, both of which collapsed in spectacular fashion this week The meltdown dragged down the
Raoul Pal explains the UST (Terra) MELTDOWN - lilys. ai In this video, **Raoul Pal** discusses the **UST (Terra) meltdown**, highlighting significant market movements and the challenges faced by **algorithmic stablecoins** The central theme revolves around the fragility of such systems, as UST battles to maintain its **peg** amidst a wave of **liquidations** Pal emphasizes the potential ramifications for the broader **crypto ecosystem** and the
What Are Algorithmic Stablecoins? A February 2025 Guide - Forbes According to a recent investigation by CoinDesk, Kwon was one of the pseudonymous cofounders behind Basis Cash, a failed attempt to revive an early algorithmic stablecoin project known as Basis
Sonic unveils high-yield algorithmic stablecoin . . . - TradingView The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter Algorithmic stablecoins employ code-based mechanisms to ensure their pric…
How secure are stablecoins? | Kraken Learn Center Terra UST, May 2022: The overnight failure of this algorithmic stablecoin resulted in $20 billion of losses A small number of players identified and exploited vulnerabilities relating to the ‘ relatively shallow liquidity of the Curve pools securing TerraUSD (UST)’s peg to other stablecoins ’ The UST meltdown also had a knock-on effect