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The only way for terra to recover may be to grow its layer-one blockchain with other stablecoins, which could become the victims of UST's collapse.
The UST/Luna disaster has thrown a huge wrench into all the cryptosphere's efforts and initiatives to convince the general public and regulators that crypto is the future and that, in the short ...
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 ...
LUNA's fortunes are closely tied to UST. The stablecoin's creation is facilitated by burning LUNA.
The multi-billion-dollar stablecoin UST is on a 'death spiral.' 3 experts debate whether it can re-peg — and what this could mean for its blockchain's native LUNA token, bitcoin, and the crypto ...
The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow ...
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.
Luna's value hit $0 following TerraUSD (UST)'s slip in value from the $1 peg this week. Unfortunately, TerraUSD was unable to keep its value at the US Dollar point.
The LUNA/UST meltdown that has roiled the markets is leading to a lot of questions that I’d like to address.
The value of LUNA plunged on Wednesday as Terraform Labs creator Do Kwon laid out a plan to save its sister token, the stablecoin TerraUSD (UST). In the last 24 hours, roughly $10 billion have ...
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% ...