Terraform Labs’ UST Stablecoin “Broke the Buck”

CoinDesk published this video item, entitled “Terraform Labs’ UST Stablecoin “Broke the Buck”” – below is their description.

Jeremy Allaire of Circle and CoinDesk reporter Sam Kessler join “Money Reimagined” host Michael Casey for this wide-ranging discussion about stablecoins following the downfall of the algorithmic TerraUSD (UST) stablecoin that lost its peg to the U.S. dollar. Circle is the company behind the USDC stablecoin. The panel reviews the differences among stablecoins, the crash of Terra’s LUNA token, and ripple effects through crypto markets.

CoinDesk’s “Money Reimagined,” a newsletter and podcast series, expands into television with the same critical look at the issues and people that are shaping the future of money and economics. The TV series builds on the success of the weekly podcast hosted by CoinDesk’s Chief Content Officer Michael Casey and the World Economic Forum’s Sheila Warren.

CoinDesk YouTube Channel

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About This Source - CoinDesk

CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.

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USD Coin is managed by a consortium called Centre, which was founded by Circle and includes members from the cryptocurrency exchange Coinbase and Bitcoin mining company Bitmain, an investor in Circle.

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