Crypto Chat: Terra's UST stablecoin unraveled last week and the entire crypto market was shaken up, now what?
May 18, 2022
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*Recorded May 16, 2022
Last week Terra’s UST ($UST) took a drastic plunge, losing its dollar peg, shaking up the crypto market, and the incident exposed the weakness of algorithmic stablecoins.
Walter Teng & Carrie Presley discuss the Terra Luna ($LUNA) ecosystem, including recent developments from Do Kwon, co-founder of Terra Luna blockchain.
Crypto Weekly: The UST Unwind and Its Implications
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