TerraUSD, 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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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.
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