Luna landing: Crypto chaos
Stablecoins are essential to the financial plumbing of the cryptocurrency world. They’re pegged to a real-world asset, usually the dollar. But when that peg breaks, things can turn ugly in a hurry. Much of India is suffering through a particularly blis...
The Intelligence from The Economist · The Economist
May 17, 202224m 7s
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Show Notes
<a href="https://www.economist.com/finance-and-economics/2022/05/12/the-crypto-infrastructure-cracks" rel="noopener noreferrer" target="_blank">Stablecoins</a> are essential to the financial plumbing of the cryptocurrency world. They’re pegged to a real-world asset, usually the dollar. But when that peg breaks, things can turn ugly in a hurry. Much of India is suffering through a particularly blistering and costly <a href="https://www.economist.com/the-economist-explains/2022/05/13/the-increasing-frequency-of-fatal-wet-bulb-temperatures" rel="noopener noreferrer" target="_blank">heatwave</a>. And Indonesians’ love of songbirds is threatening wild bird populations within and beyond Indonesia itself. For full access to print, digital and audio editions of <em>The Economist</em>, subscribe here <a href="http://www.economist.com/intelligenceoffer" rel="noopener noreferrer" target="_blank">www.economist.com/intelligenceoffer</a>
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