Following on from the attack on the UST stablecoin algorithmic dollar peg, and its more or less total destruction, could forces be brought to bear on the Tether USDT dollar peg?
Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country.
Terra’s UST trading volume pales significantly against its other rivals in the space.
Stablecoins have been in the cryptocurrency market since the launch of Tether, but no stablecoins have existed on the Cardano blockchain until now.
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