cryptocurrency · 3 years ago

The danger of algorithmic stablecoins. UST "Stablecoin" Loses Dollar Peg for Second Time in 48 Hours. UST sank as low as $0.68 today.

finance.yahoo.com

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The danger of algorithmic stablecoins. UST "Stablecoin" Loses Dollar Peg for Second Time in 48 Hours. UST sank as low as $0.68 today.

finance.yahoo.com

cryptocurrency · 3 years ago

2

UST Stablecoin Loses Dollar Peg for Second Time in 48 Hours, LUNA Market Cap Falls Below UST's

finance.yahoo.com

The development comes after the Luna Foundation Guard announced that its massive bitcoin reserves will be used to defend the UST’s dollar peg.

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tracyspcyOPM
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3 years ago
Agree. Now they’re trying to defend peg with borrowed Bitcoins. Questionable decentralization.

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