Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?

by Aurelia Butler 18 May 2022, 21:40 109 Views

While UST has completely depegged from the U.S. dollar, trading at sub $0.1 at the time of writing, other stablecoins also experienced a short period where they also lost their dollar peg due to the market-wide panic.

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Source: Cryptocurrency - investing.com

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Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?

Stocks making the biggest moves after hours: Cisco, Bath & Body Works, Synopsys

FirstFT: US stocks suffer worst day since early months of pandemic

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