Tag: Wrapped Luna (WLUNA)

  • IMF head calls algorithmic stablecoins a ‘pyramid’ scheme

    IMF head calls algorithmic stablecoins a ‘pyramid’ scheme

    The head of the International Monetary Fund called algorithmic stablecoins a pyramid scheme. The collapse of TerraUSD and LUNA continues to send shockwaves through the crypto market. As we have previously reported: In May 2022, TerraUSD fell to a low of 15 cents. Although it was pegged to the US dollar based on a complex […]