‘Algorithmic stablecoin’, whose collapse triggered multibillion-dollar selloff, turns off blockchain
TerraUSD, the “algorithmic stablecoin” whose collapse prompted a multibillion-dollar selloff across crypto markets, has turned off its blockchain and been delisted from major exchanges, in effect shuttering the project for good.
But the wider impact of the failure of the project, once valued at more than $40bn, appear to have been constrained.
Continue reading…
‘Algorithmic stablecoin’, whose collapse triggered multibillion-dollar selloff, turns off blockchain
TerraUSD, the “algorithmic stablecoin” whose collapse prompted a multibillion-dollar selloff across crypto markets, has turned off its blockchain and been delisted from major exchanges, in effect shuttering the project for good.
But the wider impact of the failure of the project, once valued at more than $40bn, appear to have been constrained. Continue reading…Technology | The Guardian