Are Stablecoins Backed by Algorithms All That Stable?
Cryptocurrencies known as stablecoins are meant to give investors some reassurance of value in an otherwise volatile market. But critics say a more recent breed of stablecoins backed by financial engineering rather than real-world assets, known as algorithmic stablecoins, are creating risks for investors even as they grow in popularity. WSJ markets reporter Alexander Osipovich joins host Zoe Thomas to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices
