The Day UST Collapsed

Is the Terra Luna collapse the biggest disaster in cryptocurrency history?

A screenshot of the collapse of UST. It fell from 1 dollar to below 20 cents within a few days.
UST fell off its 1 to 1 dollar peg. Coinmarketcap.

On the 9th of May, the stablecoin UST has fallen off its 1 to 1 dollar peg and has since crashed to 18 cents as of writing this story. Even worse is the collapse of its sister coin Luna, which is normally supposed to stabilize the price of UST. It has basically lost all of its value when it fell from…

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Christian Behler

Christian Behler

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M. Sc. Computer Science and Physics, Indie Game/Software/Web Developer, Writer, 3D Artist, and too many other interests. https://pingpoli.medium.com/membership