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Buterin Offers Guide on How to Tell if an Algorithmic Stablecoin Is Sustainable
Vitalik Buterin, Ethereum’s co-founder, has shared his opinions on determining if an algorithmic stablecoin is sustainable, listing two requirements that he considers necessary. This is a reaction to the recent crash of TerraUSD (UST) and the overall collapse of the network’s ecosystem, which led to around a $40 billion loss. In a blog post, Buterin wrote that algorithmic stablecoins… […]