Hello, And Not So-Stable Stablecoins

Welcome to Bloomberg Crypto: a new daily podcast from Bloomberg and iHeart Radio. In today’s inaugural episode, host stacy-marie ishmael introduces herself, shares what you can expect from this new daily offering, and outlines what the show aims to bring you each day. Stacy-marie, the managing editor for crypto at Bloomberg News, checks in with Bloomberg reporter Olga Kharif for an update on the full blown meltdown of the Terra stablecoin. Olga will answer the question: can stablecoins actually remain stable?  What made TerraUSD become so unsteady that it imploded? Olga breaks down what happened, why, and what it means for stablecoins and De Fi moving forward. Follow us on Twitter @crypto, and subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter  See omnystudio.com/listener for privacy information.