Unstable stablecoins

What is a Stablecoin?

Stablecoin is an algorithmic or fiat pegged cryptocurrency which mimics the value of fiat currency in real time. Its pegged 1:1 mostly to USD

Unstable Stablecoins

In the next slides, you'll see the stablecoins that lost the peg in past because of hack or liquidity issues.


UST was the most promised algorithmic stablecoin that lost its LUNA peg and wiped nearly $4b of investment


AUSD (Acala US Dollar) is a stablecoin used by Polkadot & Kusama chains. It was hacked for $3b & lost peg briefly


USDD was an algorithmic stablecoin by Tron that was depegged and now backed by BTC, TRX, USDT, USDC reserves


HUSD is a stablecoin by Huobi exchange. It lost its peg due to liquidity crunch 


USDN is a stablecoin by WAVE exchange that lost its dollar peg due to the rumours of Ponzi Scheme by the CEO

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