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.
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 […]
