As Terra’s Dollar Stablecoin UST Collapses, LUNA Falls 97% to Under $1
While Terra’s UST trades more than $0.75 from its dollar peg, the currency responsible for maintaining that peg, LUNA, is also in freefall.
While Terra’s UST trades more than $0.75 from its dollar peg, the currency responsible for maintaining that peg, LUNA, is also in freefall.
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Excessive Terra supply coupled with UST supply contraction coincides with LUNA’s price decline.
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