After the fall of $UST, the industry 'needs to take a really high bar in evaluating on investing, shilling or listing any kind of stablecoin that basically are backed by mathematics,' LennixOKX says. He explains the ripple effects through the industry:
The $14 billion collapse of the Terra network continues to have a ripple effect throughout the crypto industry.
Lennix Lai, director of financial markets at Seychelles-based crypto exchange OKX, discusses Terra’s “death spiral” and its fallout on platforms that listed LUNA and UST. What measures did OKX take in the attempts of protecting its UST staking investors? Plus, what the future holds for algorithmic stablecoins.
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