Terra Networks’ Stablecoin Loses Dollar Peg (again) Dives 45% (Update: to near zero) Adding More Pressure on Bitcoin

Market Insider | Weilun Soon | May 10, 2022 Terra Network's luna token plunged by as much as 61% on Tuesday, after sister stablecoin TerraUSD lost its peg to the dollar for the second time in as many days. TerraUSD is an algorithmic stablecoin whose value is fixed to $1. Unlike traditional stablecoins that are

The post Terra Networks’ Stablecoin Loses Dollar Peg (again) Dives 45% (Update: to near zero) Adding More Pressure on Bitcoin first appeared on National Crowdfunding & Fintech Association of Canada.