"Terra is a little different, though. It is an algorithmic stablecoin, which means it’s not actually backed by assets. Rather, its stable value is maintained through programmatic transactions in which USTs (the Terra stable coin) are sold when their value is above $US1 and bought when it’s trading below, using another coin called Luna.An algorithmic stablecoin sounds like a recipe for disaster, and it has turned out to be just that. But until its collapse, it was the great hope the crypto world had of totally breaking the link with the real world."
stable coin mean to be back by asset but wait a minute we call them that but we can come up with some random computer code to do it, complexity is the realm of Ponzi that how they get away with it, people don't know WTF is going on. But just repeat the narratives haha, bank free, government free, regulation free blah blah
