Go read this look into how the fall of TerraUSD took everything from some stablecoin investors
by Jasmine Hicks from The Verge - All Posts on (#5ZQSA)
Illustration by Alex Castro / The Verge The recent collapse of the TerraUSD (UST) stablecoin caught the crypto market by surprise. For people who saw Terra as a more secure asset compared to other, more openly volatile cryptocurrencies, and invested heavily in the coin or its associated Anchor protocol, they are now dealing with the aftermath as they let go of assets to try and make up for their lost nest eggs.
A report by The Wall Street Journal on Friday told the stories of several of these investors, including one doctor who explained how the fall of TerraUSD is affecting his family's future.
Keith Baldwin, a 44-year-old surgeon who lives outside New Bedford, Mass., saved $177,000 during the past decade. Last year he took his savings and bought USD Coin, putting it in a...