Terra's UST and LUNA Collapse: How the Crisis Unfolded

cryptocurrency 1 month ago

TerraUSD (UST), an algorithmic stablecoin that is supposed to stay pegged to the dollar collapsed over 90% over one week. Terra's LUNA token that was used to maintain UST's peg spiraled to $0. The devastating effects of the crash was felt across the crypto markets and many everyday people lost millions in investments and savings. Here is how UST and LUNA's demise unfolded on CoinDesk TV. Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/3104779/admin Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events, and information services company for the crypto asset and blockchain technology community. #CryptoNews
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