Terra Collapse Teaches About ‘Crypto’ And Bitcoin

Terra is crumbling. The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to sustain its $ 1 peg and LUNA, the blockchain’s native token, nears zero. Terraform Labs, the tech start-up … Read more