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A comment on UST Stablecoin Loses Dollar Peg. Parent comment

Re:UST Stablecoin Loses Dollar Peg by 323 on Monday May 09, 2022 @09:01PM (#31322046)
In theory an algorithmic stable coin can be moved around more quickly, since you can move the backing BTC/ETH/... more quickly than the backing USD.

In practice they are extremely fragile as seen here.

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