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cryptonews 2022-05-10 08:30:00

Conspiracy Theories Abound as Terra Tries to Save UST

TerraUSD (UST), an algorithmic stablecoin hosted by the Terra network and created by South Korea's Terraform Labs, has once again lost its dollar peg after a wave of sell-offs hit the crypto market. The stablecoin, which is supposed to maintain a value of USD 1 by creating and destroying supply through a swap with Terra’s governance and staking token LUNA, dropped to as low as USD 0.666831 at one point over the past 24 hours, according to CoinGecko....Read More: Conspiracy Theories Abound as Terra Tries to Save UST

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