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Abstract:Due to the fall of Terra, numerous investors' wealth evaporated overnight. Is this event a crisis of algorithmic stablecoins or a Ponzi scheme?
WikiFX is going to hold a two-day “Wiki Finance EXPO Asia 2022” at AsiaWorld-Expo on December 16-17, 2022, from 9am to 6 pm.As the world's largest financial expo for enterprises and end users, WikiExpo is going to be held in Asia for the 7th time. At a time when the cryptocurrency industry is in a bear market and collapses are common, the expo is attracting a number of participants - there are over 1,500 exhibitors, and hundreds of world-renowned analysts and KOLs will give you in-depth insight into the hidden truths!
One of the most shocking events in the cryptocurrency circle in 2022 is the collapse of the stablecoin UST. The world's third largest stablecoin was decoupled from the US dollar instantly, and its market value collapsed in just a few days, with Terra LUNA crashing as well. This is the most appalling stablecoin disaster that has struck in the cryptocurrency history so far!
Due to the fall of Terra, numerous investors' wealth evaporated overnight. So is this event a crisis of algorithmic stablecoins or a Ponzi scheme? How should investors participate in an era of endless stablecoins? Wiki Finance EXPO Asia 2022 will answer all of your questions!
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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