Explainer: Questions asked about whether other ‘stablecoins’ may follow suit – and if so, what else?
Billions were wiped off the cryptocurrency market this week with the collapse of the Terra “stablecoin”. But is its failure just another example of the here-today-gone-tomorrow nature of the sector, or could it be the beginning of a wider downturn?
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Explainer: Questions asked about whether other ‘stablecoins’ may follow suit – and if so, what else?
Billions were wiped off the cryptocurrency market this week with the collapse of the Terra “stablecoin”. But is its failure just another example of the here-today-gone-tomorrow nature of the sector, or could it be the beginning of a wider downturn? Continue reading…Technology | The Guardian