In this episode, Reserve Protocol Co-founder, Nevin Freeman joins us to discuss algorithmic stablecoins. Reserve is a permissionless platform for launching and governing 1:1 asset-backed stable currencies. Nevin explains the initial idea behind algorithmic stablecoins and goes into why the flaws in the Terra stablecoin’s design, leading to its crash, should have been obvious from the design stage. We also discuss the future of the dollar and why designing a sound stablecoin requires some compromise.