Crypto-Follow logo Crypto-Follow logo
CoinGape 2022-05-11 15:16:22

Research Reveals UST Stablecoin And Its Kinds Pose Great Risks Ahead

On the 10th of May, the UST dollar peg hit lows of $0.6. The stablecoin was challenged over thin liquidity, shortly after the Luna Foundation Guards (LFG) finished building its $3 billion treasures last week. UST Dollar’s de-pegging first emerged as huge withdrawals from pool 53 in Anchor, and thereon, plunged from $1 to $0.98. Anchor The post Research Reveals UST Stablecoin And Its Kinds Pose Great Risks Ahead appeared first on CoinGape.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer