Stablecoins, explained: Why the crash of Terra and Luna has investors on the edge

This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. The coin, called TerraUSD, is designed to maintain its value at $ 1, forever and ever, amen. Instead, it fell as low as 23 cents Wednesday before recovering some ground. It was hovering around … Read more