Infusion of $3.5bn not enough to revive Terra's 'stablecoin' - The Register


5/16/2022 12:00:00 AM3 years 9 months ago
by Thomas Claburn

Estimated $42bn vanished with collapse of UST, Luna – we explain what all this means

TerraUSD, a so-called "stablecoin," has seen its value drop from $1 apiece a week ago to about $0.09 on Monday, demonstrating not all that much stability. The cryptocurrency token, abbreviated UST, … [+3593 chars]

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