Category: UST

A view to a death spiral: the LUNA and TerraUSD story

By now you’re probably well aware that Terra (LUNA) and its attendant algorithmic stablecoin TerraUSD are dead in the water. LUNA’s blockchain has been halted directly with its price propped up a little above zero by people who haven’t gotten the memo, and TerraUSD is now trading at $0.12, having depegged from the US dollar… Read More »A view to a death spiral: the LUNA and TerraUSD story

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The cryptocurrency guide for the perplexed: Terra and TerraUSD

The truth about most stablecoins is that the organizations behind them are rarely stable. That’s not to say the asset doesn’t somehow don’t hover around their associated price point, but that the organizations behind them are subject to instabilities that could otherwise compromise their stability. Consider Tether. It’s governance structure and its claims to be… Read More »The cryptocurrency guide for the perplexed: Terra and TerraUSD

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