The ECB Cuts Again
19 October
(Un)stablecoin
16 May 2022•9 minute
One of the biggest news of the week – and one that seriously shook the entire crypto market – is the implosion of TerraUSD. The stablecoin lost its peg and wiped out virtually the entire market value of LUNA – a blue-chip DeFi crypto that was once among the top ten biggest coins in the world. UST’s woes also exacerbated sell-offs in other corners of the crypto market. What happened exactly, and what important lessons can crypto investors take away from the drama?
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