Nz Everyday Investor

Terra and Luna comprised of a sophisticated 'stable coin' that relied on independent market participants arbitraging in order to achieve a 'peg', or anchor to the USD. You can read more about it https://fortune.com/2022/05/12/terrausd-ust-luna-contagion-tether-bitcoin-solana-ether-price-crypto/ (here). Many never believed in an automatic, truly free-market system like this could have ever succeeded. Are they right, or are they only right for now? Time will tell but this is certain - trust has been shaken in the crypto-space and it's either going to get worse (with justifiable regulation now being welcomed in), or it's going to get better (if faith in traditional finance erodes at a faster pace). Special thanks to Paul Quickenden from Easy Crypto for joining Rupert Carlyon and I today on this show. Also, join kōura for a breakdown of their new specialty funds, followed up by a Q & A session hosted by Carley Ellis from Ungaro & Co - this Friday, 20th May at 11:00 AM. Register here: https://www.kouraweal