Following the collapse of Terra and its native algorithmic stablecoin UST, people are very skeptical of the viability of algorithmic stablecoins. Near Protocol has been gearing up to launch its own algorithmic stablecoin $USN. Will USN open Near to the same death spiral risk that existed with Terra, or is the design of USN different such that that is not possible? We discuss the differences between UST and USN to answer that question.
Subscribe and follow us on Twitter for regular updates about UDPI for these and other crypto assets.
Disclaimer: None of the information presented in this video is financial advice. The information presented is for educational and entertainment purposes only.
#crypto #cryptocurrency #bitcoin #btc #ethereum #near $near