Over the last 24 hours, the stablecoin terraUSD was depegged from the price of $1, and the price of the counterbalancing token, Luna, is down ~40%. In this post, we unpack the circumstances behind it
What happens when you down a peg?
What happens when you down a peg?
What happens when you down a peg?
Over the last 24 hours, the stablecoin terraUSD was depegged from the price of $1, and the price of the counterbalancing token, Luna, is down ~40%. In this post, we unpack the circumstances behind it