Will DAI go the way of Terra USD? Vitalik Buterin thinks not and explains why
Key facts: For Buterin, a stablecoin that generates a 20% annual return looks like a Ponzi. Just because a stablecoin passes some tests doesn’t mean it’s safe, says Buterin. The cryptocurrency world was shaken by the recent drop in terraUSD (UST). This was a Terra network token designed to be a stablecoin and always trade …
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