Re:Tether starting to lose its peg too, after Terra did
by Scarblac on Thursday May 12, 2022 @04:11AM
(#31350689)
There is also the point that once trust in this ecosystem erodes, there will be tremendous pressure on Luna as people try to get rid of both their Luna and their Terra, and whatever you did to achieve 7 may just suddenly disappear. The spiral that's happening now.
And what coins do is in effect marketing for all other coins. If one stablecoin crashes, trust in others will erode.
And what coins do is in effect marketing for all other coins. If one stablecoin crashes, trust in others will erode.