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Tether Co-Founder Thinks Algorithmic Stablecoins Will Face Their End Soon

Tether Co-Founder Thinks TerraUSD Crash Could Be the End for Algorithmic Stablecoins

The collapse of the algorithmic stablecoin TerraUSD has raised questions about the future survival of similar crypto assets and Tether co-founder Reeve Collins believes that the UST crash could spell the end of most algorithmic stablecoins, if not all. In an interview at the World Economic Forum in Davos, Reeves stated that the TerraUSD collapse “was not a surprise” to him, adding that algorithmic stablecoins have not seen the worst of it…


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