Even as the entire crypto market tanked, the biggest story was the dual implosion of Terra’s UST and LUNA. Here’s what happened.
Amid the craziest week in crypto ever, the collapse of Terra’s UST stablecoin and governance token LUNA emerged as the biggest story. Amid the crash, LUNA, formerly a top 10 coin by market cap, fell 100% to fraction of a fraction of a cent, and UST, designed to stay pegged at $1, bottomed out at 13 cents….
https://decrypt.co/100402/how-terra-ust-luna-imploded-crypto-crash
