#29 - Algorithmic Stablecoins, A Terrable Idea
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#29 - Algorithmic Stablecoins, A Terrable Idea
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Terra blew up. Runs followed on other algorithmic stablecoins and many followed suit. Little about their failure was novel. They all implemented models we've seen fail before with fiat. We explore why they failed, how this could have been avoided, and consider the path forward for regulation.
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