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Benzinga
Benzinga
Business
Samyuktha Sriram

Vitalik Buterin: Don't Paint All Stablecoins With The Same Brush After Terra (LUNA) Crash

Ethereum (CRYPTO: ETH) creator Vitalik Buterin doesn’t believe the entire category of pure-crypto stablecoins should be dismissed after the collapse of Terra’s (CRYPTO: LUNA) stablecoin TerraUSD (CRYPTO: UST).

What Happened: In a recent blog evaluating the automated stablecoins, Buterin laid out principles for evaluating whether or not a stablecoin is “a truly stable one” with two thought experiments.

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