Despite Its Name, Terra's Stablecoin Value Plummets - Gizmodo

That's what you get for investing in an "algorithmic" stablecoin instead of one that's actually stable.

In yet another case of stablecoins being less-than-stable, terraUSD (UST) plunged below its $1 price peg for the first time since its inception. Bloomberg spotted the coin slipping to about 99 cents … [+1854 chars]

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