The billionaire investor Bill Ackman looked under the hood at the “algorithm” of TerraUSD’s so-called stablecoin and wasn’t impressed. He says the community needs to “self-regulate” out schemes like this before crippling regulation comes down from outside. Read More
Bill Ackman calls Terra a ‘pyramid scheme’ and warns that ‘hyping’ this kind of token ‘will destroy the entire crypto industry’
ByHarry
May 17, 2022