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Trust in stablecoins ‘infinitely more important’ than collateral -Breaking

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Trust in stablecoins ‘infinitely more important’ than collateral

A number of questions need to be asked about the market impact of TerraUSD’s (UST) collapse on the cryptocurrency market.

Sang Lee is co-founder of VegaX Holdings, a crypto financial services provider. Over their centralized counterparts, decentralized stablecoins prevailBut he believes they should be coins people trust. This poses a problem for the industry.