In what might have marked the biggest token collapse in crypto historical past, Terra’s $40 billion stablecoin juggernaut crashed final week. Terra’s UST stablecoin, which is meant to remain “pegged” to the value of the greenback, plummeted under 10 cents. LUNA, which UST’s “algorithm” makes use of to assist prop up the stablecoin’s greenback peg, dropped from $80 to under 1 cent amid the turmoil.
Time for Crypto to Make Good With Regulators
However regulators, working off the previous pre-crypto playbook for maintaining monetary entities in line, instinctively need somebody or some...
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