May 9, 2022 - By Connie Lin
Original URL: https://www.fastcompany.com/90750443/as-crypto-crashes-terra-usd-wobbles-shaking-the-foundations-of-algorithmic-stablecoins?partner=feedburner&utm_source=feedburner&utm_medium=feed&utm_campaign=feedburner+fastcompany&utm_content=feedburner
Terra’s stablecoin has decoupled from its peg. What does this mean, and why does it matter?
Cryptocurrencies, like most of the stock market today, are cratering amid a storm of geopolitical uncertainties, including COVID shutdowns in China and the ongoing war between Russia and Ukraine.