Run on UST cuts the ground from under Terra’s feet
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TerraUSD (UST), the algorithmic stablecoin project backed by Terraform Labs PTE Ltd., lost its U.S. dollar peg for the second time in two days, undermining trust in the pioneering blockchain…
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Jordi Alexander and Mika Honkasalo join Jason on today’s episode of “Empire” to discuss the meltdown of UST, Terra’s stablecoin. The match was lit Sunday with UST de-pegging from one dollar, and it’s... [[ This is a content summary only. Visit my website for full links, other content, and more!…
Terra’s US dollar-pegged algorithmic cryptocurrency UST is moving up the ladder and now ranks third in terms of overall market capitalization. Today, the fast-growing Terra USD (UST) stablecoin from... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…
Luna Foundation Guard (LFG) said on May 9 that it will lend out $1.5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the U.S. dollar. Terra’s UST suffered a... [[ This is a content summary only. Visit my website for full links, other content,…