Stablecoins

COTI’s $DJED Stablecoin: What Is $SHEN and How Its Holders Can Earn Delegation Rewards

This article looks at Djed ($DJED), which is an “overcollaterized” Cardano-powered stablecoin developed by IOG and issued by FinTech startup COTI Group, and in particular, how holders of Djed’s reserve coin $SHEN can receive delegation rewards from day one. What Is $DJED? On 26 September 2021, day two of the two-day Cardano Summit 2021, IO Global (IOG), the […]

Financial Giant Société GénÉrale Withdraws $7 Million in DAI From MakerDAO Vault

France-based multinational financial services giant Société Générale has withdrawn $7 million in the cryptocurrency-backed stablecoin DAI from MakerDAO, out of a vault that has a debt ceiling of $30 million in DAI. As The Block reports, Société Générale was approved to start a MakerDAO vault last year after a vote from the decentralized autonomous organization’s […]

UN to Send USDC to Displaced Ukrainians via Stellar ($XLM) Network

The United Nations refugee agency, the Office of the U.N. High Commissioner for Refugees (UNHCR), is set to start aiding displaced Ukrainians through the USDC stablecoin via digital wallets running on the Stellar ($XLM) network. According to a recent announcement, the UNHCR has launched a program to use the Stellar blockchain to transfer USDC, a […]

Crypto Whales Are ‘Massively’ Accumulating Stablecoins and Bitcoin ($BTC), Data Shows

Blockchain data shows that cryptocurrency whales have been “massively” accumulating stablecoins including Binance USD, DAI, and Tethers USDT, all while Bitcoin whales have been adding to their war chests as well. According to on-chain analytics firm Santiment, Bitcoin addresses with between 100 and 10,000 $BTC have bought a total of $726 million worth of the […]

Evercore Chairman: ‘Bitcoin Is No Different From Beanie Babies’

On Wednesday (14 December 2022), Ralph Schlosstein, who is Chairman Emeritus at global independent investment banking advisory firm Evercore Inc., share his thoughts on crypto. His comments were made during an interview with Guy Johnson and Alix Steel on Bloomberg Television’s “Bloomberg Markets”. Schlosstein said: “I think in the world of crypto, you really have […]

ECB Executive Board Member on ‘Fundamental Flaws in Crypto Finance’

Recently, Dr. Fabio Panetta, a Member of the Executive Board of the European Central Bank (ECB), talked about crypto finance during a speech given at the Insight Summit held at the London Business School (LSB). Panetta, whose speech was titled “Crypto dominos: the bursting crypto bubbles and the destiny of digital finance”, mentioned that we […]

Coinbase Wants You to Convert Your $USDT to $USDC

On Thursday (8 December 2022), Coinbase announced that it had decided to make it easier for its “global retail customers” to convert Tether ($USDT) to USD Coin ($USDC), highlighting the latter’s good reputation without directing attacking the former. According to Coinbase’s blog post, customers are looking for stability and trust in the midst of market […]

$ADA: Cardano-Powered Algorithmic Stablecoin $DJED to Launch Early Next Year

A Cardano-powered algorithmic stablecoin called Djed ($DJED) is set to launch early next year on the smart contract platform’s mainnet, according to an announcement developers made at the Cardano Summit in Lausanne, Switzerland. Djed, as CryptoGlobe previously reported, is an algorithmic stablecoin issued by fintech startup COTI Group. It’s a crypto-backed pegged algorithmic stablecoin for […]

G20 Leaders, Including Joe Biden: Crypto Needs To Be ‘Subject to Robust Regulation’

Last week, at the 17th G20 Heads of State and Government Summit, which was held November 15-16, 2022 in Bali, Indonesia, the world leaders present made a joint declaration that had some interesting things to say about the “crypto-assets ecosystem”. In a joint declaration released by the White House on 16 November 2022, the G20 […]

Visa CEO: “Good Stablecoin Regulation” Is “What’s Necessary To Build Back Confidence”

In a recent interview, Alfred F. Kelly, Jr. (aka “Al Kelly”), who is Chairman and CEO of Visa Inc., said that he hopes that the collapse of FTX will lead to good crypto regulation, which is “what’s necessary to build back confidence for people.” According to a report by The Daily Hodl, the outgoing CEO […]

$ADA: Cardano Getting Its First Fully Dollar-Backed Regulatory-Compliant Stablecoin

On Friday (18 November 2022), EMURGO, which is the commercial arm of Cardano, announced the planned launch of its new dollar-backed stablecoin USDA, which is “the first fully fiat-backed, regulatory compliant stablecoin in the Cardano ecosystem.” EMURGO, which was founded in 2017, is “a global blockchain technology company providing solutions for developers, startups, enterprises, and governments”; […]

Stablecoin Issuer Has Completed XRP Ledger Integration for Its Flagship Product EURS

Recently, STASIS, the issuer of EURS, which it claims to be the largest euro-backed digital asset’, announced that it had integrated the XRP Ledger to “further shape the vision of multichain stablecoin.” The Evolution of the XRP Ledger The open-source public XRP Ledger (XRPL) was created in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto; its […]

‘Payment Stablecoins’ Could Lead to ‘Disintermediation of Traditional Banks’, Says Acting FDIC Chair

In a recent speech, Martin J. Gruenberg, who has been the Acting Chairman of the Federal Deposit Insurance Corporation (FDIC) Board of Directors since 5 February 2022, shared his thoughts on “the prudential regulation of crypto–assets.” Here is how Wikipedia describes the FDIC: “The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that […]

$BTC: BitMEX Co-Founder Says CBDCs Could Take Away the Ability to Buy Bitcoin

On 4 November 2022, Arthur Hayes, Co-Founder and former CEO of BitMEX, said that the programmability of central bank digital currencies (CBDCs) could take away “the ability to purchase Bitcoin”. In a blog post published two days ago, Hayes explained the difference between CBDCs and the current forms of electronic cash: “A CBDC is government […]

$XRP: Here Are Six Stablecoin Projects Powered by the XRP Ledger

The number of stablecoin projects being launched on top of the XRP Ledger has been steadily growing over the last few months, with development teams across the globe improving the $XRP network over time. A pseudonymous cryptocurrency influencer has recently pointed out that there are at least six stablecoins now launched on top of the […]

$ADA: Cardano-Powered Algrithmic Stablecoin Djed ($DJED) Undergoing Final Audit

Recently, FinTech startup COTI Group, the issuer of algorithmic stablecoin Djed (which is built on Cardano), shared with the Cardano community some important details about the current status of the project. What Is Djed ($DJED)? On 26 September 2021, day two of the two-day Cardano Summit 2021, IO Global (IOG), the blockchain technology firm responsible for the research and development […]

Circle CEO: ‘We Want To Be a Full Reserve Digital Currency Bank’

In a recent interview on CNBC’s “Crypto World” show, Jeremy Allaire, the Co-Founder, Chairman, and CEO of Circle Internet Financial, the issuer of fiat-backed stablecoin USD Coin ($USDC), talked about his firm’s long-term goal. According to a report by The Daily Hodl, Allaire told CNBC technology reporter Kate Rooney: “We want to be a full […]

Binance CEO CZ: Despite Common Misconception Binance Has Not Stopped Supporting $USDC

Last week, Binance Co-Founder and CEO CZ talked to Ryan Selkis, Co-Founder and CEO at Messari, at Messari’s annual conference Mainnet (September 21-23, 2022) in New York City about fiat-backed stablecoins $BUSD and $USDC. As you may already know, on September 5, Binance announced that it would no longer support the use of fiat-collateralized stablecoins $USDC, $USDP, and $TUSD […]

Fed Chair Powell Talks About DeFi and Stablecoins at a Banque of France Conference

On Monday (September 27), Federal Reserve Chairman Jerome Powell shared his thoughts on the regulation of the crypto industry during a speech at the Banque of France conference “Opportunities and challenges of the tokenisation of finance: which role for Central Banks?”. These comments were made at a roundtable (“How should central banks address financial stability challenges related to digitalization […]

Binance Will ‘Auto-Convert’ $USDC, $USDP, $TUSD to $BUSD From September 29

On Monday (September 5), Binance announced that it will no longer support the use of fiat-collateralized stablecoins $USDC, $USDP, and $TUSD for trading, and instead “users’ existing balances and new deposits” will automatically get converted to $BUSD at a 1:1 ratio. According to a blog post published on September 5 by the world’s largest crypto […]

Justin Sun: Why TRON-Powered Stablecoin $USDD Is Better Than ‘DAI, UST, and Other Stablecoins’

TRON Founder Justin Sun says that the launch of Tron’s new stablecoin, Decentralized USD ($USDD), combines the best aspects of competing stablecoins on the market.  In an open letter published on 21 April 2022, Sun said that TRON DAO had “joined hands with major blockchain players to launch USDD (Decentralized USD), the most decentralized stablecoin […]

Former SEC Chair: ‘Technology Underlying the Crypto Revolution Is Going To Come To Finance’

On Friday (August 26), Jay Clayton, the former Chairman of the U.S. Securities and Exchange Commission (SEC),shared his thoughts on why it is taking so long to get a regulatory framework for crypto in the U.S. Clayton’s comments were made during a conversation with Betty Quick, co-anchor of CNBC’s Squawk Box. Clayton said: “Why is […]

Fidelity’s Director of Global Macro: Stablecoin Regulation Will Increase Institutional Adoption of Crypto

On Friday (August 12), Jurrien Timmer, Director of Global Macro at Fidelity Investments, explained how upcoming stablecoin regulation could increase the demand for crypto. In March 2021, Timmer published a 12-page research paper on Bitcoin (title: “Understanding Bitcoin: Does bitcoin belong in asset allocation considerations?”). Timmer started by saying that he intended his paper to serve as “a […]

Crypto Market Recovery Sees $BTC Trading Into $BUSD Explode: Report

The cryptocurrency market’s recovery in July, which has seen the price of Bitcoin ($BTC) rise 18.4% and of Ethereum ($ETH) rise 64.7% respectively, has seen trading volume for the flagship cryptocurrency against BinanceUSD ($BUSD) explode upwards. According to CryptoCompare’s July 2022 Exchange Review, the average daily volume of the BTC/BUSD pair rose 62.1% to 1.49 […]

$ETH: Circle Not Bringing Its Stablecoin $USDC to Any PoW Forks of Ethereum

On Tuesday (August 9), Circle Internet Financial Limited — the issuer of fully-collateralized stablecoin USD Coin ($USDC), which was launched on Ethereum in September 2018 — made an announcement that made most Ethereum ($ETH) HODLers breathe a sign of relief. Here is how Ethereum Foundation explains The Merge (expected to take place around September 19): “The Merge represents […]

In Chile, People Are Turning to $USDT and $USDC to Hedge Against Inflation and Peso Devaluation

Citizens of Chile, home to one of Latin America’s most stable economies over the last several decades, are turning to stablecoins to weather a potential economic slump. According to a report by CoinDesk, Chileans are using popular stablecoins as protection against inflation that is threatening the country and contributing to a global trend. The report […]

Investment Strategist Lyn Alden Makes a Strong Argument for Stablecoin Use Cases

Recently, highly respected equity research analyst and investment strategist Lyn Alden talked about how stablecoins are being used and how they will be used to solve real world problems over the next decade. Alden, who provides equity research and investment strategies for clients, made her comments during an interview with Anthony Pompliano, where she highlighted the “significant” […]

Mastercard CFO Explains How His Firm Views Crypto

During an interview published on Tuesday (August 2), Mastercard CFO Sachin Mehra shared his thoughts on crypto. His comments were made during an interview with Bloomberg’s Lisa Abramowicz. With regard to crypto, he said: “In the crypto world, we play the role as an on-ramp, with people using our debit and credit products to buy […]

USDT vs USDC: A Look at the Leading Stablecoins

Stablecoins have become a major part of the cryptocurrency space over time, with Tether USD (USDT) and USD Coin (USDC) now being the two leading stablecoins by market capitalization. While both are fully collateralized stablecoins, their underlying business models and infrastructure differ. Looking at the differences between USDT and USDC is crucial for investors to […]

Coin Bureau Host Explains When He Expects $AAVE To ‘Rise to Astronomical Heights’

Recently, the popular psuedonymous host of crypto market commentary show Coin Bureau talked about $AAVE, which is the governance token of non-custodial liquidity protocol Aave. Aave is “a decentralised non-custodial liquidity market protocol where users can participate as depositors or borrowers.” Depositors “provide liquidity to the market to earn a passive income,” while borrowers “are able […]

Brazilian Fintech Firm to Offer Crypto Trading to 65 Million Users

Brazil-based digital payments app PicPay is set to launch a cryptocurrency trading platform for its 65 million users, as well as a stablecoin tied to the country’s fiat currency, the Brazilian real. The exchange is the fintech firm’s first cryptocurrency-related offering. PicPay’s digital assets exchange will allow users to buy, sell, and hold Bitcoin ($BTC), […]

Federal Reserve Vice Chair: ‘Crypto Platforms Are Highly Vulnerable to Deleveraging’

On Friday (July 8), Dr. Lael Brainard, who “took office as the Vice Chair of the Board of Governors of the Federal Reserve System on May 23, 2022,” spoke at a Bank of England Conference in London, UK. Dr. Brainard has “served as a member of the Board of Governors of the Federal Reserve System […]

Pantera Capital on What Went Wrong With Terra, Celsius, and Three Arrows Capital

Recently, Crypto investment firm Pantera Capital took a closer look at what caused the the recent troubles of the Teraa ecosystem, crypto lender Celsius, and Singapore-based crypto hedge fund Three Arrows Capital (3AC). In the June 2022 issue of his firm’s monthly newsletter (“Pantera Blockchain Letter”), Pantera Capital gave their explanation for the the above-mentioned debacles in the […]

Circle CEO Explains Why Holders of Stablecoin USD Coin ($USDC) Should Feel Safe

On Sunday (July 3), Circle Internet Financial Limited Co-Founder, Chairman, and CEO Jeremy Allaire explained why holders of its fiat-collateralized and fiat-pegged stablecoin USD Coin (USDC) should not be worried (in the aftermath of the Terra ecosystem collapse). As Circle’s Chief Financial Officer Jeremy Fox-Geen stated in a blog post (titled “USDC Trust and Transparency […]

Bitfury CEO Explains Why for Him Crypto Prices Are ‘Not That Relevant’ Right Now

Brian Brooks, the CEO of Bitfury Group, which is Bitfury Group is a “leading full-service blockchain technology company”, talked about crypto on day two of the week-long 2022 Aspen Ideas Festival (AIF) being held in Aspen, Colorado. Before joining Bitfury in October 2021, Brooks was the CEO of Binance US and before that he worked at the Office […]

Circle Launches Euro Coin ($EUROC), a New Euro-Pegged Stablecoin, on Ethereum

On Thursday (June 16), Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle Internet Financial, announced that his firm was introducing its “2nd major fiat-backed stablecoin“, and that it had launched it on the Ethereum mainnet. Euro Coin (EUROC) is “issued by Circle under the same full-reserve model as USD Coin (USDC), a trusted dollar digital currency […]

75% of U.S. Retail Organizations Plan To Accept Crypto Within 2 Years, Says Deloitte

Multinational professional services company Deloitte has published survey data showing that nearly 75% of U.S. retailers intend to accept crypto payments within the next two years.  According to a report (titled “Merchants getting ready crypto”) prepared and published by Deloitte (in collaboration with PayPal), the market is preparing itself to fully embrace digital payments. Deloitte […]

Payment Service Provider Checkout.com Is Adding Support for Stablecoin $USDC

Global payments firm Checkout.com is accepting stablecoins as a part of a broader strategy to enter the crypto market.  According to a report by CNBC, the $40 billion startup has announced that it will support round-the-clock settlement for merchants via Circle’s fiat-backed stablecoin USD Coin (USDC). The payments platform will conduct its crypto transactions through […]

Circle Introduces Support for Polygon $USDC

FinTech firm Circle Internet Financial, LLC has “announced support for Polygon USDC on Circle’s payments and treasury platform.” According to Circle’s press release, the firm, which is “a global financial technology firm that provides internet-based payments and financial infrastructure to businesses of all sizes, and the issuer of USD Coin (USDC),” has “announced support for […]

US Banking Regulator Issues Warning in the Wake of Terra’s High-Profile Collapse

The head of the Office of the Comptroller of the Currency (OCC) has issued a dire warning over crypto in the wake of the collapse of the Terra ($LUNA) ecosystem.  The OCC is “an independent bureau of the U.S. Department of the Treasury that charters, regulates, and supervises all national banks, federal savings associations, and federal branches […]

Human Rights Advocates Issue Open Letter to U.S. Congress Supporting Bitcoin

A collection of human rights advocates from the around the world have penned an open letter to U.S. lawmakers supporting the use of Bitcoin.  According to a report by CNBC, 21 human rights supporters from 20 countries sent a letter to members of the U.S. Congress saying that Bitcoin gives power to individuals in countries […]

IMF Chief: Crypto ‘Offers Us All Faster Service, Much Lower Cost, and More Inclusion’

Recently, Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), shared her thoughts on cryptoassets in general and stablecoins and central bank digital currencies (CBDCs) in particular. The IMF, which was established on 27 December 1945, “works to achieve sustainable growth and prosperity for all of its 190 member countries” by “supporting economic policies that […]

Binance CEO on Terra Ecosystem Collapse: ‘I Have Never Spoken To Do Kwon Directly’

In a recent interview, Binance Co-Founder and CEO Changpeng Zhao (aka “CZ”) shared his thoughts on the recent failure one of the most high profile projects in the crypto space. As leading digital asset market data provider CryptoCompare said in an excellent comprehensive report (titled: “Exploring UST’s Fall From Grace”) published on May 13, “the recent blowup in the […]

Argentinian Woman’s Life Savings Get Wiped Out After She Goes All in on TerraUSD ($UST)

One lesser known fact about the recent price collapse of algorithmic stablecoin TerraUSD ($USST) is that it managed to hit some of the most vulnerable people on the planet, namely relatively poor people living in high inflation countries. According to a report published on May 26 by tech news out “Rest of the World”, people […]

Hedge Fund Billionaire Bill Ackman: Terra Was ‘Crypto Version of a Pyramid Scheme’

Billionaire investor Bill Ackman says that the epic collapse of Terra ($LUNA) and algorithmic stablecoin TerraUAD ($UST) has exposed a crypto version of a pyramid scheme.  In a series of tweets, Ackman shared his views on the price collapse of $UST, which was once thought to be pegged to the value of $1. Ackman said […]

So Long TerraUSD ($UST), Hello Ethereum-Powered Iced Tea Backed Stablecoin ‘USDTea’

In the wake of the collapse of algorithmic stablecoin TerraUSD ($UST), a group of three tech artists have launched a stablecoin backed by a can of AriZona Iced Tea, which is America’s #1 iced tea brand. According to a report by TechCrunch, Mossy, a collective of three “techy artists” have created a new Ethereum-powered stablecoin […]

Bloomberg Strategist: $UST’s Collapse Is Something We Were ‘Expecting’

In a recent interview, Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his thoughts on the collapse of $UST. Speaking in an interview with Cointelegraph, McGlone said the $UST price collapse was a warning to the rest of the crypto industry on the dangers of algorithmic stablecoins. $UST, which most investors originally […]

FTX CEO: TerraUSD’s Collapse Is A Case of ‘Mass Enthusiasm’ Rather Than Deceit

Billionaire Sam Bankman-Fried, who is the co-founder and CEO of crypto exchange FTX, says that Terra’s stablecoin collapse was a case of “mass enthusiasm” rather than deceit.  In a series of tweets, the 30-year-old FTX CEO, whose nickname is “SBF”, tackled TerraUSD’s price collapse. The stablecoin, supposedly pegged to the value of $1, plunged to […]

Billionaire Investor Mike Novogratz on Rise and Fall of the Terra ($LUNA) Ecosystem

On Wednesday (May 18), former LUNAtic Mike Novogratz shared his latest thoughts on the $LUNA / $UST debacle. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a technology-driven financial services and investment management firm that provides institutions and direct clients with a full suite of financial solutions spanning the digital assets ecosystem.” […]

BoE Deputy Governor for Financial Stability: Cryptoassets Have ‘No Intrinsic Value’

On Tuesday (May 17), Sir Jon Cunliffe, Deputy Governor for Financial Stability at Bank of England (BoE), spoke about cryptoassets at the three-day event “The Future of Everything“, which is hosted by Wall Street Journal (WSJ). According to his BoE bio, Sir Jon Cunliffe “became Deputy Governor for Financial Stability on 1 November 2013.” He […]

Terraform Labs CEO Proposes ‘Terra Ecosystem Revival Plan 2’

On Monday (May 16), Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG), put up a new proposal up for a governance vote on May 18 (“Asia time”). As leading digital asset market data provider CryptoCompare said in an excellent comprehensive report (titled: “Exploring UST’s Fall From Grace”) published on May 13, […]

U.S. Treasury Secretary Calls For Regulation Following TerraUSD’s Epic Collapse

U.S. Treasury Secretary Dr. Janet Yellen has called on U.S. Congress to enact regulations for stablecoins following TerraUSD’s epic collapse in price last week.  Yellen made her comments last Tuesday (May 10) while testifying before the U.S. Senate Committee on Banking, Housing and Urban Affairs, saying that she believes stablecoins pose a risk to the market’s financial […]

COTI CEO: How Cardano-Powered Decentralized Algorithmic Stablecoin Djed Is Different

On Tuesday (May 10), In the wake of the fall from grace of Terra ecosystem’s algorithmic stablecoin TerraUSD ($UST) in the past few days, FinTech startup COTI Group CEO Shahaf Bar-Geffen explained how his algorithmic stablecoin Djed (which is built on Cardano) is different and why its dollar peg has not been affected. What Is Djed? On Sunday (September […]

$LUNA Down 96% From All-Time High, Terraform Labs CEO Says ‘Stay Strong, Lunatics’

On Wednesday (May 11), $LUNA, which is the native staking and governance token of Terra protocol, is trading below $10, which is a huge fall from the all-time high of $119.18, which was set just over five weeks ago. What Is Terra ($LUNA)? The official Terra documentation has this to say about the Terra Protocol: “The Terra protocol is […]

Weiss Ratings Analyst Urges Caution Over Crypto-Backed Mortgages

Recently, an analyst who works at Weiss Ratings, the only financial rating agency that grades cryptoassets, issued a dire warning over cryptoasset-backed mortgages, saying they present a significant risk.  According to a report by Cointelegraph, Weiss, which is based out of Florida, Weiss analyst Jon D. Markman released a report on May 2 that looks […]

Terra ($LUNA) Falls to $62, Its Lowest Level Since February 24

On Sunday (May 8), the price of $LUNA, which is the native staking and governance token of Terra protocol, fell to its lowest level in ten and a half weeks partly due to rumors that stablecoin TerraUSD ($UST) might have come under a co-ordinated attack. What Is Terra ($LUNA)? The official Terra documentation has this to say about the […]

Why Some Cardano Fans Expect $ADA to ‘Run Like Crazy as Soon as Djed Goes Live’

Following FinTech startup COTI Group‘s announcement about the release of the public testnet version of Cardano-powered algorithmic stablecoin Djed, some Cardano fans (including a prominent $ADA whale) have started to explain why the mainnet launch of Djed could drive the $ADA price much higher. What Is Djed? On Sunday (September 26), day two of the two-day Cardano […]

Public Testnet for Cardano-Powered Decentralized Algorithmic Stablecoin Djed Goes Live

On Wednesday (May 4), FinTech startup COTI Group announced that the public testnet version of algorithmic stablecoin Djed (which is built on Cardano) is now available. What Is Djed? On Sunday (September 26), day two of the two-day Cardano Summit 2021, IO Global (IOG), the blockchain technology firm responsible for the development of Cardano ($ADA), and FinTech startup COTI Group, […]

Swiss National Bank Explains Why It Has Not Put Bitcoin on Its Balance Sheet So Far

Thomas Jordan, the Chairman of the Governing Board of the Swiss National Bank (SNB) talked about Bitcoin in Berne during the central bank’s 114th Ordinary General Meeting of Shareholders on Friday (April 29). The SNB, which has “two head offices one in Berne and one in Zurich, as well as a branch office in Singapore”, […]

Dr. Ryan Clements Warns of Systemic Risks of Terra ($LUNA) Ecosystem

On Wednesday (April 20), Dr. Ryan Clements, who is an assistant professor at University of Calgary’s Faculty of Law, explained why he remains wary of decentralized algorithmic stablecoin TerraUSD ($USDT) even though it is now partially collateralized by the “forex reserves” (denominated mostly in Bitcoin) of Luna Foundation Guard (LFG). What Is TerraUSD ($UST) Works […]

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