How to create algo stablecoins that don’t turn into ponzis or collapse -Breaking
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Vitalik: How can you create stablecoins for algos that won’t collapse or turn into Ponzis?Vitalik Buterin is the co-founder. He shared his thoughts on two ways to assess whether an algorithmic (algo), stablecoin can be sustained.
Buterin’s comments were sparked by The multi-billion dollar bill The loss of earnings Collapse of the (LUNA) ecosystem with its algostablecoin TerraUSD
1: Can the stablecoin ‘wind down’ to zero users?
Option 2: Negative Interest Rates
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