The biggest problem with stablecoins, actually all of cryptocurrency, is how people are overlooking the building of value. Everyone wants a short cut.
With the TerraLuna situation, what was backing UST? LUNA. And what value did that have? What was taking place on chain that was worth anything?
No value.
That is what needs to be corrected.
RE: The future isn’t looking so bad for Algorithmic stablecoins.