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No, and this is why:
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Replying to @mewn21
Where do you put UST now that they have their BTC reserve? Or do you think (as I do) the reserve is evidence that algo stablecoins can’t work?
Sorry if I wasn’t clear here, but the reserves put UST out of my definition of algorithmic since there’s some non-endogenous backing. I’m pretty pro what Luna is doing—hence I wanted to see the interest of UST on Stacks.
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Cant back peddle now bro
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