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Kevin Zhou co-founder of Galois Capital discusses a crazy week in the world of algorithmic stablecoins that saw USDN de-peg from the dollar and Terra unveil plans to create a new liquidity pool on Curve to strengthen UST. Show highlights: how USDN and Waves works what made USD de-peg why Kevin thinks algorithmic stablecoins fail so often what Kevin thinks about backing UST with BTC how 4pool works in the context of Curve Finance 3pool UST Frax Finance and Redacted Cartel why Kevin believes

Here’s Why USDN De-Pegged From the Dollar – And Why UST Might Too - Ep.339

Unchained