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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.

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Source: Cryptocurrency - investing.com

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.