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Ethereum World News 2022-05-08 13:16:43

Terra’s UST Depegs After a Massive $285M Dump of the Stablecoin on Curve Finance and Binance

Summary: Terra’s UST has depegged from the one dollar mark after massive selling of the stablecoin on Curve Finance and Binance The selling was to the tune of $285 million in UST and resulted in a $2.25 billion outflow of the stablecoin from the Anchor Protocol UST has since stabilized to the $0.996 price level Do Kwon has expressed optimism that UST will remain resilient despite the event In the last 24-hours, Terra’s stablecoin of UST has depegged from the […]

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