Algorithmic stablecoins like TerraUSD have risen in popularity, yet critics state they are naturally high-risk as they aren’t backed by any type of possessions in any way (Alexander Osipovich/Wall Road Journal).

Alexander Osipovich / Wall Street Journal:

Algorithmic stablecoins like TerraUSD have surged in popularity, but critics say they are inherently risky as they aren’t backed by any assets at all  —  Algorithmic stablecoins that use financial engineering to link their value to the dollar have surged in popularity

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