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RE: Understanding Algorithmic stablecoin how it works, and what future it hold and in the crypto space
Hi @mccoy02
I think there is still a long way to go before an algorithmic stablecoin is trusted again, I don't know what would have to happen for that to be the case.
The problem with UST has been something that has deteriorated the crypto industry a lot, it has opened the door for regulations, for distrust and more.
There is still a lot of development to be done for that trust to be total.
I agree with you, UST fall have open room for regulation and has increased distrust in the crypto space it has also led to slow market recovery as most investors fear for safety of their funds.