top of page

Terra collapse comment and articles

Crypto1

Why not keep your $$ in USD in an American account that is FDIC insured. A bit more trouble to move back to the exchange but a lot more security. Particularly if you have a bank account just for that purpose.


Stable coins ain't stable.


Look at collapse of UST's LUNA Click on whatever timeframe to see May of 2022.


USDT goes up and down. You could loose almost a percent if you had to make a trade and went in high and went out low in some timeframes.


Articles




Really we shouldn't use the same word for all of these things. What we call 'algorithmic stablecoins' aren't really stable in the same way that fiat backed stablecoins are. They're more like structured products, and they need upside if they want to justify the risk.


1 view0 comments

Recent Posts

See All

Comments


bottom of page