
Here’s Why USDN De-Pegged From the Dollar – And Why UST Might Too - Ep.339
Unchained
The Stability Dilemma of Stablecoins
This chapter explores the challenges within stablecoin systems, with a focus on UST and 4Pool initiatives. It discusses the unsustainable high yields offered by the Anchor protocol and their implications for market stability and solvency. The analysis extends to potential market failures, withdrawal impacts, and the urgency of addressing these issues to prevent damaging repercussions on the broader cryptocurrency ecosystem.
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