Crypto Twitter Reacts to UST Collapse and Market Meltdown

– On May 9th, Terra’s stablecoin, UST, dropped from $0.985 to $.90, then to $.85, then to $.80, then even lower, fully depegging from the U.S. dollar.
– Aztec’s Jonathan Wu provided a crash course that analyzed the depegging in real time.
– If Terra fails, it could have large implications for the crypto industry.
– Some people think that the collapse of UST is a long time coming.

tweet gID 6 Crypto Twitter Reacts to UST Collapse and Market Meltdown
Crypto Twitter Reacts to UST Collapse and Market Meltdown 2

Leave a Reply