#29 - Algorithmic Stablecoins, A Terrable Idea
Play • 35 min

Terra blew up. Runs followed on other algorithmic stablecoins and many followed suit. Little about their failure was novel. They all implemented models we've seen fail before with fiat. We explore why they failed, how this could have been avoided, and consider the path forward for regulation.


Check out this week's letter for the full story. Join the @FatTailThoughts discussion on Twitter with your co-hosts @KleeBeard and @StevenDickens3.

For more episodes of Fat Tailed Thoughts, visit fattailedthoughts.com. Past topics include WTF is CPI, Debt Collectors Who Help Rather Than Abuse, Slow Revolutions in Financial Services, and more.

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