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Stablecoin Implosion — LUNA And UST Lose Significant Value, Downturn Ripples Across The Crypto Economy

Stablecoin Implosion — LUNA And UST Lose Significant Value, Downturn Ripples Across The Crypto Economy

During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked...

UST Rebounds From $0.66 Per Coin To $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation

$1 Parity7 days ago

UST Rebounds From $0.66 Per Coin To $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation

On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit....

As LUNA’s Price Drops Over 33% In 24 Hours, Stablecoin UST Slips Below $1 Parity To $0.93

$1 Parity1 week ago

As LUNA’s Price Drops Over 33% In 24 Hours, Stablecoin UST Slips Below $1 Parity To $0.93

As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin...