Crypto: What is an algorithmic stablecoin? Why is Terra in the news? Here’s what investors need to know.

Stablecoin is a type of cryptocurrency whose value is pegged to other assets, usually fiat currencies such as U.S. dollars. On Monday, algorithmic stablecoin Terra fell to as low as 61 cents on crypto exchange Binance.

      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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