Will Dai stablecoin die?

Terra CEO Do Kwon revealed a new stablecoin alliance with Frax Finance, Redacted Cartel and Olympus DAO. He declares "Curve wars are over", targets DAI's demise. Some crypto analysts say the DAI stablecoin will not die.

What happened to stablecoin issuer Terra?

Stablecoin issuer Terra's inability to keep the price of its token fixed at $1 was one story that fueled to the brutal crypto selloff of 2022.

What happened to Algo stablecoins?

Algorithmic stablecoin USDD is the latest to lose its Dollar peg, raising more red flags over the use of algo stablecoins. On Monday, USDD fell by 1.12% against Tether (USDT) to end the day at $0.9890. Tron (TRX) price action reflected the unpegging, with TRX continuing to fall this morning despite a broader crypto market rally.

Is Rai a stablecoin?

He also co-founded the automated market maker Balancer and Reflexer's RAI, which is an ether-backed stablecoin and a fork of DAI.