Expert Takes: The UST Price Crash

News, Opinion | May 12, 2022 By:

TerraUSD (UST), the decentralized and algorithmic stablecoin of the Terra blockchain, depegged from its $1 value and fell as much as 70% to 29 cents.

TerraUSD was launched in September 2020 (in collaboration with Bittrex Global) and has since gained the reputation as the most scalable stablecoin.