Developers of the fast-growing UST stablecoin say the coin's $1 value peg isn't "backed" by anything – just a blockchain-based algorithm. So why does it need a multibillion-dollar bitcoin reserve in case of an emergency? How would that work?

Home

Developers of the fast-growing UST stablecoin say the coin's $1 value peg isn't "backed" by anything – just a blockchain-based algorithm. So why does it need a multibillion-dollar bitcoin reserve in case of an emergency? How would that work?

leo1z96hki1 40 days ago News Discuss

Blockchains Are an Excellent Solution for Privacy, Part 2 How to get started in DeFi: A guide on the first steps in decentralized finance Public blockchain KuCoin Community Chain aims to solve high gas fees on Ethereum Finance Redefined: Lifeline for Terra projects, proposed Terra hard fork and more It’s http://davidpawson.org/resources/resource/416?return_url=http://www.cryptalin.com/pictures-gallery//

Comments
Who Upvoted

Comments

Who Upvoted this Story

Published News