Luna landing: Crypto chaos
The Intelligence from The Economist
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Do Stable Coins Fail?
Stable coins are a type of investment that can't be bailed out by banks or money market funds. There's no legal obligation for them to demonstrate they have assets back up their pegs, says Andrew Keen. Keen: "You do want things like this to fail if they're unworthy" But it doesn't mean you can just sit around and wait for all the other stable coins to fail as well," he adds.
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