Decentralized Stablecoins To Prosper In 2022! Luna, Convex Finance, And Frax On Fire!

The persistent threat of stablecoin regulation and the centralized nature of USDT and USDC are stimulating the growth of decentralized stablecoins. Digital coins that are pegged to USD appear to be under serious threat as US Fed had a strong discussion to regulate such assets. Interestingly, decentralized stablecoins such as UST, MIM, and Frax have …