The collapse of one of decentralised finance’s most ambitious experiments has knocked more than $83-billion off the sector’s total value.
Browsing: UST
A celebrated experiment that combined maths and software to get a digital currency to behave like a dollar is crashing in dramatic fashion.
Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering the implications of the tumult for the broader market.