The controversial stablecoin related to the cryptocurrency luna has lost its peg, thereby rendering it unusable.
TLuna, the sibling cryptocurrency of the contentious stablecoin TerraUSD, has plummeted to less than $0. TerraUSD, or UST, has been thrust into the limelight in recent days when the so-called stablecoin, which is intended to be tied one-to-one with the US dollar, plummeted below $1. UST is a code-based algorithmic stablecoin that uses a sophisticated … Read more
