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    Terra peg mechanism in doubt as UST crashes to 67 cents

    Terra peg mechanism in doubt as UST crashes to 67 cents

    The third-largest stablecoin by market cap Terra USD (UST) appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on May 10. As its price has fallen, so has its market capitalization along with that of Terra...
    El Salvador Buys 500 Bitcoins Amid Crypto Bloodbath

    El Salvador Buys 500 Bitcoins Amid Crypto Bloodbath

    El Salvador has bought the bitcoin dip. Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. Since El Salvador adopted the cryptocurrency as legal tender, the Salvadoran government has purchased...
    Luna: Why I sold my UST for 95 cents on the dollar today

    Luna: Why I sold my UST for 95 cents on the dollar today

    I ate a healthy dose of humble pie today, so maybe this article can serve as a form of therapy. I’m talking about Terra, its native token Luna, and its UST stablecoin. To quickly summarise, UST is an algorithmic stablecoin that is technically backed by nothing...
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