LUNA and TerraUSD Collapse. What Awaits Us Next?

What Happened?

However, on May 9, 2022, the algorithm-based Terra blockchain UST stablecoin lost its peg to the U.S. dollar and plummeted in value. In the last 36 hours, this stablecoin has fallen by more than 90%, although previously, it was stable at 1:1.

What Caused LUNA and UST to Collapse?

How Will The Luna And TerraUSD Crisis Affect The Cryptocurrency Market

What the Founder of Terraform Labs Do Kwon Says?

Conclusion

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