The current collapse of the as soon as third-largest stablecoin, TerraUSD (UST), has raised questions on different fiat-pegged tokens and their capacity to take care of their pegs.

Stablecoin companies declare that every of their issued tokens is backed by real-world and/or crypto belongings, in order that they behave as a significant element within the crypto market, offering merchants with another during which to park their money between inserting bets on unstable cash.