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Report On What Happened to TerraUSD (UST) Prior to Historic Collapse

Report On What Happened to TerraUSD (UST) Prior to Historic Collapse


coinpedia
2022-05-28 05:35:57

The post Report On What Happened to TerraUSD (UST) Prior to Historic Collapse appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe largest algorithmic stablecoin, TerraUSD (UST), suddenly disintegrated last week, sending shockwaves through the crypto markets. As UST fell considerably below its $1 peg, it put downward pressure on Bitcoin and the whole cryptocurrency market. Luna, its sister cryptocurrency, has also virtually halved in value. So what happened? Nansen, a cryptocurrency forensics business, identified four …


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