Will algorithmic stablecoins have a future? - page 2.

The rise and fall of TerraUSD (UST) has shown us that algorithmic stablecoins aren't as ready for the world as we've thought they would be. If the UST collapse didn't happen, people would've still trusted algorithmic stablecoins with their money. Now that things are different, developers may need to re-think their strategy in order to make such stablecoins shine once again. If done right, algorithmic stablecoins could prove to be the "holy grail" of decentralized finance. It would mean having a stablecoin that's not backed by real world reserves (in Fiat) whatsoever. I think algorithmic stablecoins will prove to be even more decentralized than collaterized stablecoins such as DAI or USDJ.

What are your thoughts? Will algorithmic stablecoins have a future? If not, why? What do you think will be governments' response against stablecoins that are decentralized by design? Will they make them illegal for mainstream use? Or will they embrace them? Your input will be greatly appreciated. Thanks.

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