UST stablecoin formerly 3rd by market cap lost its peg and dropped from its intended $1 peg as low as $0.225 on 11th of May together with dreams and hopes of thousands of users.
here is a touch on LUNA and UST collapse:
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Terra LUNA and UST collapse overview – was it all about bad management or bad actors?
Seems to me like it’s all working exactly as designed. Who says it’s bad anything?