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Press & Media

After the collapse of Terra, the future of stablecoins in question

May 20, 2022

In this article, Cyril Sabbagh looks back on the Terra LUNA saga, explaining how and why it happened, and gives his perspective on stablecoins more generally

At the time of the crash, the UST was the 3rd largest stablecoin, with $19bn, the LUNA token meanwhile occupied the 9th place in terms of capitalization with $21bn. All in all, nearly $40 billion evaporated in a few days.

To read the full article : https://bit.ly/3wsIBX4

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