The hits just keep coming for the cryptocurrency market following last week’s collapse of TerraUSD. The stablecoin, created to maintain its value equal to the U.S. dollar, today is worth an estimated 11 cents – a drop in market value from nearly $19 billion to roughly $1.3 billion. How could this have happened, and what could it – along with the wider market selloff – mean for the future of crypto? We invite you to join us at 11 a.m. ET this Friday, May 20, for a discussion with key experts.
Kenan Institute Chief Economist Gerald Cohen will moderate this timely conversation with University of California-Berkeley Haas School of Business Professor Christine Parlour, UNC Kenan-Flagler Business School Professor Eric Ghysels and Chief Revenue Officer Michael Coscetta of Paxos, covering why stablecoin broke the buck, how it may affect other forms of cryptocurrency, and what infrastructure and regulation may be needed to make crypto a proper store of value. Members of the audience will be invited to submit their own questions for the experts to address.
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