News12 May

Is there life in algo stables?


The Federal Reserve has published a report identifying three assets with funding risks: some money market funds, some bond funds and stablecoins. What was next?

Let's go point by point:

- On the same day, Terra UST forgot it was a stable and fell 30%

- Two days later, UST resembled the stablecoin even less, and the price of Terra Luna became quite far from the moon

- Neutrino, FRAX, Celo Dollar and sUSD also did not stand out as stable

As we said before - you have to be extremely careful now.

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