#UST Stablecoin Veers Wildly From #Dollar Peg. Here's the Latest

#UST went into a death spiral last May, rapidly depleting the #Terra ecosystem of capital and spawning a wave of high-profile #crypto #company bankruptcies throughout the rest of the year.  

He created the disastrous so-called “algorithmic #stablecoin” #UST, which was pegged to the U.S. #dollar through smart contracts that maintained value by burning Terra’s other #cryptocurrency, #LUNA. 

#Tether's Paolo Ardoino on #UST: 'It's All Fun and Games' Until You're a $100B Coin

‘#Stable in Name Only’: Stablecoin Issuers Speak Out as #UST Craters

#Tether ‘Transparency Is Needed’ Following Terra’s #UST Collapse: Analyst

#Crypto Hedge Funds, Traders Short Tether After #UST’s Implosion: Report

Yield platform #Stablegains sued for promoting #UST: Finance Redefined

Yield platform #Stablegains sued for promoting #UST as a ‘safe’ investment

Yield platform #Stablegains sued for promoting #UST as a ‘safe’ investment

The infamous #UST(C) #stablecoin from the Terra ecosystem has skyrocketed by over 60% in the past 24 hours.

Terra #Classic (LUNC) Suddenly Jumps 13% as Proposal to Repeg #UST Passes.

Terra Classic (LUNC) #Suddenly Jumps 13% as Proposal to Repeg #UST Passes.

Terra Classic (LUNC) #Suddenly Jumps 13% as Proposal to Repeg #UST Passes.

Most of this loss was recorded during the #TerraUSD (#UST) collapse in May 2022.

Terraform Labs is the founder of #US Dollar Terra (#UST), an algorithmic #stablecoin that lost its peg in May

This #particular lawsuit alleged that UST “amounted to a Ponzi scheme that was only sustained by the demand for #UST created by Anchor’s excessive yields.

Zhu had previously claimed that the #bankruptcy of 3AC was partially caused by #UST’s collapse.

After the euphoric bullish phase ended, a painful cool-down journey was exacerbated by the #UST-LUNA crash which began in early 2022 #tmac

In May 2022, Terra’s algorithmic stablecoin, #UST, lost its peg to the US dollar, and #approximately $60 billion got wiped out of the digital currency's space

Terra governance system passes plan to burn 1.3 billion UST tokens

#terra #ust

Hodlnaut in a $193 Million Hole: Yet another CeFi lender reports a massive financial shortfall as a result of UST exposure

#Crypto #Cryotocurrency #Holdnaut #Market #UST $193

#Coinbase has been sued for allegedly failing to conduct due diligence on #UST and misrepresenting its risks.  😇

It is difficult to think or predict how the Luna case will go to a solution.
Maybe there is a solution for UST and not for Luna coin.
It is not investment advice. 

#coin #luna #ust #finance #terra #terrausd