Top Decentralized Stablecoin Alternatives to USTC (Formerly UST)

Top Decentralized Stablecoin Alternatives to USTC (Formerly UST)


The recent cataclysmic crash of the Terra Classic (LUNC; formerly LUNA) left several people bankrupt. South Korean officials reported 8 confirmed suicides due to this blow.

Stablecoins emerged as a way for cryptocurrency investors to park their funds to escape from volatility. USTC (formerly UST) was among the largest stablecoins by market cap and the single largest stablecoin on the Cosmos blockchain.

This is not the first time an algorithmic stablecoin fell below the point of recovery. So much so that the head of the IMF even suggested that stablecoins that are not backed by physical assets are similar to pyramid schemes.

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However, a crash as biblical as that of UST was a first for a stablecoin. While history seemed to have indicated this to

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