The landscape for algorithmic stablecoins has shifted since the collapse of Terra. The Terra ecosystem, worth over $60 billion at its peak, is now all but dead. Whether it can be resurrected remains to be seen. The collapse took nearly all of the trust accrued towards seignorage algorithmic stablecoins. But Terra also taught us lessons that we can take forward and use to evaluate both current and emerging stablecoin protocols to ensure that history doesn’t repeat itself.
The Stablecoin Landscape
The Stablecoin Landscape
The Stablecoin Landscape
The landscape for algorithmic stablecoins has shifted since the collapse of Terra. The Terra ecosystem, worth over $60 billion at its peak, is now all but dead. Whether it can be resurrected remains to be seen. The collapse took nearly all of the trust accrued towards seignorage algorithmic stablecoins. But Terra also taught us lessons that we can take forward and use to evaluate both current and emerging stablecoin protocols to ensure that history doesn’t repeat itself.