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RE: Tether Freezes Three Ethereum Addresses Holding $160 Million USDT

in LeoFinance2 years ago

Tether's lack of decentralizing has been one of the driving factor behind the wider adoption of decentralized stable coins like Terra UST, which recently surpassed $10 billion marketcap to become the fourth biggest stable coin. However, decentralized stable coins like UST comes with their own pitfalls like liquidity crisis if they become under collateralized or algorithmic exploits.

Stable coins to pervent the unstable price of cryptocurrency but it also has hit own problelms. I am afraid to hold USDT. Can you write a post about UST.