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Navigating Algorithmic Stablecoins and Economic Uncertainty
This chapter delves into the fragile nature of algorithmic stablecoins, using the collapse of UST as a focal point to discuss their challenges and the trust required for their stability. It examines the impact of macroeconomic conditions, including shifting interest rates and the Federal Reserve's actions, on the cryptocurrency market. The conversation reflects on past failures while offering tentative optimism for future developments in the crypto landscape amidst ongoing volatility.