After a strong hype around Terra's UST algorithmic stablecoin, other projects are starting to think about launching their own algorithmic stablecoins.
For example, NEAR, according to rumors, may soon launch its own USN stablecoin:
https://twitter.com/resdegen/status/1512126024846303232Perhaps now begins the era of algorithmic stablecoins, which will be ubiquitous with large projects and they will be backed by cryptocurrency rather than dollars, as centralized stablecoins are.
Do you think there will be a shift of interest in the crypto industry toward algorithmic stablecoins? Will it be a new hype? And will algorithmic stablecoins completely displace centralized, dollar-backed stablecoins?