Jordi Alexander and Mika Honkasalo join Jason on tonight’s episode of “Rich‘ to discuss the meltdown of UST, Terra’s stablecoin. The game was lit on Sunday with the UST de-fixing of one dollar and has now become the largest single event of wealth destruction in crypto.
Jordi and Mika explain what led to the downfall of UST, how it could have been prevented, and what the future holds for UST and Terra. Is this the end of decentralized stablecoins? Can the market recover? Tune in to find out.
You will also learn more about:
- systemic effects
- Frax and Maker
- work possibilities
- The multiplier effect
- And so much more!
Check out what they had to say in the video below.
About the broadcast
Empire is a twice-weekly show where we share the true crypto stories not heard elsewhere. On Mondays, Jason and Santiago Santos interview crypto industry decision makers to talk about their struggles, bold moves and tough decisions. End the week with Friday’s weekly round-up episode, covering the week’s top news and stories.
For any NPR or Guy Raz fans out there, you can think of “Empire” as “How I Built This” for the bitcoin and crypto industries.
The Post Podcast: How Did UST Collapse? | Jordi Alexander & Mika Honkasalo first performed at Blockworks.
Source: Crypto News Austria