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Vitalik Buterin : How to create algo stablecoins that don’t convert to ponzi or crash?

Vitalik Buterin

Vitalik Buterin: “What we need is not stablecoin empowerment or stablecoin doomerism, but rather a return to principles-based thinking” Vitalik Buterin evaluated whether an algorithmic stablecoin is sustainable. Buterin’s comments stemmed from the multi-billion dollar losses caused by the collapse of the Terra ecosystem and its algo stablecoin TerraUSD. Buter: …

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