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2023-03-11 12:07:49

Gurka on Nostr: People comparing $USDC to $UST - $UST was an algorithmic stable only regulated by the ...

People comparing $USDC to $UST

- $UST was an algorithmic stable only regulated by the emission/burning of $LUNA.
- $USDC is a stable backed with liquid or financial USD.
- $DAI is overcollateralized by different altcoins, among them $USDC among them, therefore affected

NOT defending any stable
Author Public Key
npub150as6eaneva9v54lv2kjdtyp3fu430qagyjens5xth84yejp4d9q4w5y2t