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What Are Algorithmic Stablecoins, And Why Can They Be A Problem?

Algorithmic stablecoins are far more complex than standard stablecoins. While they are pegged to a particular asset, they use algorithms to try to hold the peg in place.

TerraUSD Collapse Will Probably Be the End of Most Algorithmic Stablecoins, Crypto Exec Says – NBC Connecticut

TerraUSD is an algorithmic stablecoin which was supposed to be pegged to the U.S. dollar. But it collapsed and sent shockwaves through the crypto market.

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