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Since the peg is mainteined through arbitrage and not through backing these stablecoins are more volatile and more subject to depeg events than other types described above. | Since the peg is mainteined through arbitrage and not through backing these stablecoins are more volatile and more subject to depeg events than other types described above. | ||
Several DeFi protocols have issued their algorithmic stablecoin and many have failed (see the Iron Finance crash<ref>https://rekt.news/iron-finance-rekt/</ref> for example) and many are still used today (like UST or USDN). | Several DeFi protocols have issued their algorithmic stablecoin and many have failed (see the Iron Finance crash<ref>https://rekt.news/iron-finance-rekt/</ref> for example) and many are still used today (like UST or USDN). | ||
== Sources == | |||
<resources /> |
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