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Terraform Labs CEO Do Kwon is proposing a “Terra ecosystem Revival Plan 2,” which includes ditching his algorithmic stablecoin UST and creating a new chain. Kwon tweeted on Monday that Terra is “more ...
Citadel Securities, BlackRock, Gemini Slam Social Media Accusations of Involvement With UST Collapse
Did UST collapse because of a shadowy conspiracy involving the same cast of characters from the GameStop (GME) short squeeze? Or was it because of a structural problem with the nature of stablecoins?
The cryptocurrency market shuddered Wednesday after the stablecoin UST plummeted to an all-time low of 30 cents. UST, or TerraUSD, was off about 9% to $0.427965, while its sister token Luna was ...
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