Algorithmic Stablecoins Are Riskier Than Fiat Based Says Binance CEO Changpeng Zhao

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A lot of regulators, like the U.S. Fed and the Bank of England, are discussing how stablecoins should be better supervised at the moment. This is due to the fact that they serve as the foundation of the cryptocurrency economy and see daily trades worth billions of dollars. Although the Terra blockchain’s UST stablecoin lost …