Cryptocurrency luna now almost worthless after controversial stablecoin it is linked to loses peg - CNBC

5/12/2022 12:00:00 AM2 years 11 months ago
by Arjun Kharpal
by Arjun Kharpal
TerraUSD, or UST, has been dragged into the spotlight after the stablecoin, which is supposed to be pegged one-to-one with the U.S. dollar, fell below the $1 mark.
Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, has collapsed to nearly $0. TerraUSD, or UST, has been dragged into the spotlight in the last few days after the so-called stabl… [+1955 chars]
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