Why did UST decoupled from USD and LUNA Plummeted by 99.9%?
Why did the algorithmic stablecoin UST experience severe price de-anchoring?TerraUSDT (UST) is—though “was” might be better—an algorithmic stablecoin whose stability mechanism stemmed from the promise of a payout with LUNA. Traders mint and burn tokens as needed to ensure the stability of UST out of trust in the Terra blockchain.However,
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