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RE: UST Failure Opens Up The Door For Other Stablecoins

in LeoFinance2 years ago

UST made news and many think it is the beginning of the end.

Maybe for the UST as a stablecoin.

According to a message on CoinMarketCap, "The Terra blockchain has officially halted and UST has remained de-pegged from the US dollar since 9th May 2022".

But there are still people, who support this project, and buying UST/Luna.

TerraUSD (UST) is currently worth $0.1808 USD, and I read that the team behind it "make more actions quickly", and that they are working to rebuild it.