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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…

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

    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…

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