Algorithmic Stablecoins: Sexy AF or A Load of Pants?

While your regular crypto asset will fling you around like a ragdoll and reduce your life expectancy by double digits at least twice a month, stablecoins wrap us in a warm embrace and whisper in our ears that maybe, just maybe, things will be okay. They’re an anchor, a refuge and they too come in an abundance of flavours. And by far the sauciest of them, right now, are those known as algorithmic stablecoins. But the irony of algorithmic stablecoins is that… they aren’t stable.