Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-05-19 14:30:37

UST can’t bring the end of Algorithm stablecoins

UST is an abbreviation for “Unstoppable Token”. The name itself implies that the token is designed to be resistant to censorship and incapable. However, UST cant is stopped or reversed once it has been initiated on the blockchain. TerraUSD tokens are built on the Ethereum network and use the ERC-20 token standard. The tokens are intended to be used as a utility token on the Unstoppable Domains platform. Challenges that face TerraUSD Since its inception, TerraUSD has been beset by a number of challenges. Perhaps the most pressing of these is the lack of widespread adoption. While the currency has made inroads in certain countries and regions.,However, it has yet to achieve the level of global acceptance that would truly make it a force to be reckoned with. Another challenge is the volatility of the currency. While this can be seen as a positive by some, others see it as a hindrance to its widespread use. Finally, there is the issue of regulation. As TerraUSD is not backed by any government or financial institution, it is not subject to the same rules and regulations as other currencies. This can be seen as a positive by some, as it allows the currency to operate outside of the traditional financial system. However, it also means that there is no one to turn to if things go wrong. UST has really been manipulated a lot, due to it not being pegged to anything. TerraUSD value has dropped so much since early this year. Moreover, hop...

#
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约