Not all Stablecoins Built the Same: What caused TerraUSD ($UST) to “Break the Buck”

So what makes Stablecoins so important?

Stablecoins are an important aspect of the crypto world since they allow traders to keep their money in the digital asset ecosystem while keeping value. During instances of high volatility, investors turn to them for a safe haven, or even as a means of digital payment.

Stablecoins (Un)Stable!

According to Celsius Network CEO Alex Mashinsky, the participants in the crypto market should be aware that not all stablecoins are created equal.

How Celcius is dealing with the crisis?

Following the death spiral of Terra’s algorithmic stablecoin TerraUSD (UST), the crypto lending platform’s CEO claims in a new interview that not all stablecoins are equal.

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