Unstable

The nice people at the BBC invited me on to Worldwide’s “Live with Lucy Hockings” to talk about stablecoins in the light of the Luna/Terra death spiral and the loss of billions of dollars. I hope I didn’t look too bad trying to broadcast from a hotel room when I was so tired I could hardly sit up straight, but I think I got the main point over: the label “stablecoins” is broad and the failure of an algorithmic stablecoin means nothing in the context of asset-backed stablecoins.