Senior Bloomberg analyst Mike McGlone says algorithmic stablecoins relying on market growth may be done for the foreseeable future. In a new interview with Cointelegraph, the commodities strategist says that the recent collapse of Terra (LUNA) and its stablecoin TerraUSD (UST) taught the crypto community a lesson on the dangers of algorithmic stablecoins and helped […]The post Here’s How the Collapse of TerraUSD Will Impact Stablecoins, According to Bloomberg Strategist Mike McGlone appeared first on The Daily Hodl.
