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Cryptocurrency57 minutes ago (May 14, 2022 05:00AM ET)
Trust in stablecoins ‘infinitely more important’ than collateral
In light of recent market effects due to the collapse of the TerraUSD (UST) stablecoin, several questions should be answered about what makes a stablecoin usable as the crypto market expands.
Co-founder of crypto financial service provider VegaX Holdings Sang Lee favors decentralized stablecoins over their centralized counterparts but thinks they must be coins that people can trust, which poses a dilemma for the industry.
Trust in stablecoins ‘infinitely more important’ than collateral
