Mathematical stablecoins like TerraUSD have actually surged in popularity, however doubters state they are naturally dangerous as they aren’t backed by any kind of properties at all (Alexander Osipovich/Wall Street Journal).

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Alexander Osipovich / Wall Street Journal:

Algorithmic stablecoins like TerraUSD have surged in popularity, but critics say they are inherently risky as they aren’t backed by any assets at all  —  Algorithmic stablecoins that use financial engineering to link their value to the dollar have surged in popularity

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