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Terra blockchain's UST stablecoin fell below its $1 price peg. At the moment of writing, UST trades at around $0.92. On May 9, the stablecoins dropped as low as 68 cents according to data by CoinMarcetCap. UST is an algorithmic stablecoin created by Terraform Labs in 2018. Terra uses complex codes...
Terra blockchain’s stablecoin, UST became the third largest stablecoin with a market cap of over $17.5 bln. Data from CoinMarketCap show that UST has gotten ahead of (Binance USD) BUSD and comes after Tether USDT ($82.7 bln) and USD Coin USDC ($50 bln). UST is a dollar-pegged stablecoin released...
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