TerraUSD (CRYPTO: UST) billed itself as the gold standard of algorithmic stablecoins, but the once-“stable” coin lost its peg over the weekend, plummeting by 71% at its lows and taking its sister coin Terra (CRYPTO: LUNA) with it.
The volatile stablecoin is currently trading at 65 cents, still far off its peg of $1 six days after the disaster that cost crypto enthusiasts billions.
Luna traded at $86.39 last Thursday at 3 a.m. before …
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