The Terra money machine collapsed almost entirely Wednesday. The UST stablecoin remains deep in the sub-dollar doldrums for the third day running, and LUNA, its sister token, has fallen almost 97% ...

The implosion of terra's UST stablecoin and its token LUNA wiped over $50 billion in paper value. The unprecedented scale and speed of terra's unwind dragged the entire crypto market down.

If UST slipped, traders could make money from buying UST and then exchanging it for Luna. Both Luna and UST crashed once UST lost its peg to the dollar, which was what qualified it as a stablecoin.

The collapse of Terra Luna and Anchor Protocol transcends cryptocurrency. It is a timeless case study in the perils of ...

LUNA's fortunes are closely tied to UST as the stablecoin's creation is facilitated by burning LUNA. In other words, to mint 1 UST, $1 worth of LUNA must be taken out of circulation.

If the demand for UST is high enough to increase its price to $1.01, the protocol prints some UST in exchange for getting rid of some LUNA. The problem is that it works perfectly until it doesn’t .

Its native token games, including the stablecoin UST or TerraUSD, and the Luna token, have lost almost all their value. UST, which is pegged to the dollar, at last check was down to just $0.102542 ...

Both UST and LUNA exist on the Terra blockchain and are overseen by the non-profit Luna Foundation Guard (LFG), which stockpiled roughly $3.5 billion in bitcoin and other cryptocurrency in the ...

The Terra money machine collapsed almost entirely Wednesdayday. The UST stablecoin remains deep in the sub-dollar doldrums for the third day running, and LUNA, its sister token, has fallen almost ...

The Terra money machine collapsed almost entirely Wednesday. The UST stablecoin remains deep in the sub-dollar doldrums for the third day running, and LUNA, its sister token, has fallen almost 97% ...