The Contributors

Unstable Stablecoin. Why TerraUSD Crashed


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Today I'm talking about what is a stable coin, why a stable coin TerraUSD (UST) crashed by 70%, and whether other stable coins are stable or they are going to crash as well.

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Victor Gichun is the Creator and Host of The Contributors Channel, and a co-founder of Excess Logic, a nationwide excess electronics liquidation company. To sell surplus Lab, R&D, or IT equipment, and get up to 90% back visit https://excesslogic.com/ 

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00:00 Introduction

00:48 What causes a crash of TerraUSD by 70%? 

03:21 What is a stable coin?

05:46 TerraUSD (UST) is an algorithmic stable coin.

 

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The ContributorsBy Victor Gichun