Putting the Terra stablecoin debacle into “tradfi” context
This is an excerpt from The Blind Spot’s deep dive into the Terra stablecoin debacle, currently available in full to premium subscribers.
A market that fell under the spell of the moon
Why Luna is a lesson for all of finance.
Crypto reflexivity and the ultimate stablecoin reading list
The day of reckoning so many naysayers warned the stablecoin market would eventually experience has finally arrived. In some respects, the shakeout is probably a good thing. We need to see these aspiring systems fail in controlled ways to understand the scope of their potential contagion if they were ever to get huge and thus […]
Why financial engineering has gone full circle with Terra
I’m really pressed for time but I wanted to get this out as it’s important. Here as a result is the longish thread-based reply I just posted on Twitter in response to this question: One question: if I buy tether, my cash was supposedly going into a short term dollar asset (asset side of tethers […]
