AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
An explainer on stablecoins and the crypto winter
Finshots Daily
The Stable Coin, Terrar or Us D
3min Snip
00:00
Summary
Transcript
Episode notes
Terrar or terraform lab created a stable coin and called it terra us d or us t. It soon became one of the largest coins in the world, with tokens worth 18 billion dollars. But last week its value tanked by 99 point nine%, from over 119 dollars to zero point zero,. The company will have to keep creating more lunas just to ensure some semblance of stability for us t. And if that doesn't work, then the whole thing will collapse.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode