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TerraUSD Tumbles As So-called 'Stablecoin' Appears Unstable

TerraUSD, a planned stablecoin pegged to the U.S. dollar, fell as low as $0.26 amid a chaotic market last week. So reports CNBC.

arrow down icon 157360 1280TerraUSD, also known as UST, is one of two projects from Terra. The other, luna, was also down significantly and had lost approximately 96% of its value in a week. UST has an approximate circulation of close to 16 billion coins.

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