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As crypto crashes, Terra USD wobbles, shaking the foundations of algorithmic stablecoins



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.

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