Is crypto here to stay?

The crash saw algorithmic stablecoin TerraUSD (UST) and its sister coin luna fail and saw their prices plunge. However, crypto is here to stay and creating inclusive regulations will make the system more agile, efficient and resilient.

Are collateralized stablecoins the future?

But it doesn’t take very many pennies off the peg to vaporize market confidence for a stablecoin. The market is clearly showing us that collateralized stablecoins are the future,” says Andrew Pesco, head of investment management at Domain Money. Collateralized stablecoins like USD Coin (USDC) have proven to be resilient this week.

How do stablecoins work?

Here’s how stablecoins work. Their value is pegged to the price of another asset, most commonly a fiat currency like the U.S. dollar. The goal is for the stablecoin to maintain the same value as its peg. With a dollar peg, one stablecoin should always be valued at one dollar, no matter what’s happening elsewhere in the market.

Why did cryptocurrencies halt for 2 hours?

In the latest update to the saga, the beleaguered project put its entire blockchain on halt for around two hours on Thursday, freezing user funds until the blockchain was unpaused. It’s a severe measure, particularly given cryptocurrency’s emphasis on decentralization.