Avalanche founder claims only one algorithmic stablecoin can succeed – defends Terra’s UST – Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator

Avalanche founder claims only one algorithmic stablecoin can succeed – defends Terra’s UST

The founder of Ava Labs, Emin Gün Sirer, has offered his opinions on the crash of Terra’s algorithmic stablecoin, UST. According to Gün Sirer, there is a need for decentralized algorithmic […]

The founder of Ava Labs, Emin Gün Sirer, has offered his opinions on the crash of Terra’s algorithmic stablecoin, UST. According to Gün Sirer, there is a need for decentralized algorithmic stablecoins in the ecosystem due to the censorship vulnerability of fiat-backed stablecoins.
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