Cryptocurrency Back Stable Coins

As long as luna robustly has a non zero value, you can exchange one terror for some quantity of luna that is worth one dollar. If it trades below one dollar, people can buy one tariff for less than a dollar in exchange for one dollar worth of luna for an instant profit. These arbitrage trades puts the price of terra back to one dollar if it ever goes higher or lower. All of this levine writes is quite straightforward and correct, except for point seven, which is insane. After ts collapse, the market for algarithmic stable coins will likely be muted for a long time. So we don't need to spend more time here.