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Ethereum World News 2022-05-10 16:59:16

Avalanche Founder: I’m Bullish on UST Once the Dust Settles Down

Summary: The Founder of Avalanche and CEO of Ava Labs is bullish on TerraUSD (UST) ‘once the dust settles down’ He explained that only active teams could defend algorithmic stablecoins against destabilizing bank runs Decentralized stablecoins are necessary as fiat-backed stablecoins are subject to legal seizures The markets will eliminate weak algorithmic stablecoins US-based teams do not have the right regulatory environment to run algorithmic stablecoins The Founder of Avalanche (AVAX) and current CEO of Ava Labs, Emin Gün Sirer, […]

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