Crypto-Follow logo Crypto-Follow logo
The Coin Rise 2022-05-10 18:21:47

Terra peg faces extreme instability as UST crashes to $0.67 during the crypto market crash

TerraUSD (UST), the third-largest stablecoin by market cap, appears to be in a catastrophic downturn, having de-pegged from the dollar and falling as low as $0.67 on Tuesday. As the price of UST has dropped, so has the market capitalization of Terra (LUNA), which backs the majority of its worth. To add insult to injury, UST’s market […]The post Terra peg faces extreme instability as UST crashes to $0.67 during the crypto market crash appeared first on Blockchain, Crypto and Stock News.

#
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