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Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy

Post author:MiamiCrypto
Post published:May 11, 2022
Post category:$1 Parity Alex Tapscott Anchor Binance Bitcoin Wallet CEO of Sator Crash Do Kwon Dollar Peg Hasu Isla Perfito lfg LFG wallets LUNA LUNA down luna foundation guard News Ninepoint Partners Stablecoin Stablecoin UST Terra terra (LUNA)USDC USDT UST

During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as…

UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation

Post author:MiamiCrypto
Post published:May 10, 2022
Post category:$1 Parity Anchor Anchor TVL Bail Outs Binance Bitcoin Wallet Citadel Deploying Capital Do Kwon Dollar Peg Hasu lfg LFG wallets LUNA LUNA down luna foundation guard Lyn Alden News Stablecoin Stablecoin UST terra (LUNA)USDC USDT UST

On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been…