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TerraUSD Crash Shows Risks of Algorithmic Stablecoins
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While TerraUSD (UST) stablecoin holders planned for their currency holdings always to be worth one dollar, a recent massive drop in the value of the cryptocurrency markets have led to a severe decline in value, touching a low of $0.30 on May 11, 2022.
Here's a look at what happened, why this stablecoin was able to drop below its target value, and what investors can learn from the crash of Terra (LUNA) and TerraUSD.
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