in

Two key takeaways from Nansen’s UST stablecoin depeg report

The cryptocurrency ecosystem was awash with varying speculatory theories around the cause of Terra’s algorithmic stablecoin UST’s decoupling from its $1 peg. The who and why seemed a mystery but the outcome was catastrophic, with UST dropping well below $1 while the value of Terra’s stablecoin token plummeting in value as a result.

Continue Reading on Coin Telegraph

Russia will continue to service external debt in roubles, minister says

Inflation moderated in April but was still close to its highest level in 40 years.