Despite Its Name, Terra's Stablecoin Value Plummets
In yet another case of stablecoins being less-than-stable, terraUSD (UST) plunged below its $1 price peg for the first time since its inception. Bloomberg spotted the coin slipping to about 99 cents over the weekend, before plunging to roughly 60 cents on Monday night. As of this writing, Coindesk reports that the UST...