Algorithmic stablecoins like TerraUSD have surged in popularity, but critics say they are inherently risky as they aren’t backed by any assets at all (Alexander Osipovich/Wall Street Journal)

Algorithmic stablecoins like TerraUSD have surged in popularity, but critics say they are inherently risky as they aren’t backed by any assets at all (Alexander Osipovich/Wall Street Journal)

Alexander Osipovich / Wall Street Journal:
Algorithmic stablecoins like TerraUSD have surged in popularity, but critics say they are inherently risky as they aren’t backed by any assets at all  —  Algorithmic stablecoins that use financial engineering to link their value to the dollar have surged in popularity