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Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD) Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)

Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)

While UST challenges the hegemony of DAI–a question of what exactly sets the Terra native stablecoin apart from the competition hit the nerve.

Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)

Photo by Daniel Leone on Unsplash

As the market capitalization of Terra’s algorithmic stablecoin that tracks the value of the US dollar topped $8.5 billion–investors speculate what is driving the adoption and how exactly did UST manage to leave the competition lagging so far behind? While fueling the DeFi market, the decentralized stablecoin sector continues to rapidly grow.

By leveraging unparalleled usage, this particular breed of crypto surfaced as an unarguably vital part of the ecosystem.

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