What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?
Why would you even think that? Stablecoins aren't magic. You can't wish them up and stable. They need to have a mechanism. If that mechanism fails, whole system falls apart. There's no saving it.
Imagine having a currency of a imaginary country, it would be called $SCAM that would be pegged to dollars by a promise of your leader, now your country fell apart and leader goes to jail. Why would that $scam have any value? Would you believe that one day your innocent leader escapes from jail and saves the day by promising it again?