Another round of Cryptogeddon is here and this time it is Terra that is leading the way down the abyss. What happened? Why did Terra collapse? I’ll explain it all here. What is Terra? TerraUSD is a ‘stablecoin’ pegged to the dollar(with different versions pegged to other currencies). That means, theoretically, one TerraUSD(UST) should always be worth 1 dollar.
What does the Terra/LUNA crash reveal?
What does the Terra/LUNA crash reveal?
What does the Terra/LUNA crash reveal?
Another round of Cryptogeddon is here and this time it is Terra that is leading the way down the abyss. What happened? Why did Terra collapse? I’ll explain it all here. What is Terra? TerraUSD is a ‘stablecoin’ pegged to the dollar(with different versions pegged to other currencies). That means, theoretically, one TerraUSD(UST) should always be worth 1 dollar.