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UST Resumes Spiral After Quiet Day Orbiting 90 Cents

Terra’s shaky stablecoin is prompting calls for closer regulation by key U.S. officials.

By Danny Nelson
Updated May 11, 2023, 6:37 p.m. Published May 10, 2022, 10:15 p.m.
TerraUSD (UST) broke its peg, falling below $1 for a second time on Monday and never regaining it. (Clive Mason/Getty Images)
TerraUSD (UST) broke its peg, falling below $1 for a second time on Monday and never regaining it. (Clive Mason/Getty Images)