CHAPEL HILL – 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.
We’ll be joined by University of California-Berkeley Haas School of Business Professor Christine Parlour, whose areas of research focus include crypto and fintech. Parlour spoke in March at the Conference on Decentralized Finance, hosted by the institute’s Rethinc. Labs, and will be joined during this webinar once more by UNC Kenan-Flagler Professor Eric Ghysels, who serves as faculty director for Rethinc. Labs and whose areas of expertise include time series econometrics and finance.
Kenan Institute Chief Economist Gerald Cohen will discuss with Parlour and Ghysels 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.