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Just as the outside view skeptics predicted, during a large market move a stablecoin blew out. Just not the stablecoin they predicted. Which was predictable, if you knew the details. This isn't a comment about good vs bad--it's about how important it is to know the details!

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It’s about definition of stablecoin too.

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agreed

2:35 AM · May 10, 2022Twitter Web App

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“Ability to always redeem to pegged currency (fiat)” is my definition of stablecoin

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good one, totally agree. when you are telling you peg to fiat, but I can't redeem fiat, plz dun tell me its stablecoin , its just another digital token

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algorithm for #UST wasn't apparently tested appropriately for this type of market event. Disappointing.

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Life is an adventure. Learn something new errrvyday!