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Terra luna
Exploring the Fallout of UST Stablecoin's Collapse
Kevin Zhou, Galois Capital founder and vocal critic of Terraform Labs CEO Do Kwon's work, discusses the impact of the TerraUSD (UST) turmoil on the Terra ecosystem and the wider crypto markets as regulation looms. Plus, reactions to Terra's community-proposed plan that hopes to save UST.
Bitwise Exec on UST Turmoil
As algorithmic stablecoin TerraUSD (UST) resumes its downward spiral, Bitwise Asset Management Director of Research David Lawant discusses his analysis and outlook of the Terra Luna ecosystem. “The system is inherently unstable,” Lawant said. “This type of situation was extremely likely to happen at some point in time.” Plus, the need for regulation.
What’s Happening to UST?
Algorithmic stablecoin TerraUSD (UST) lost its peg to the U.S. dollar, falling to a low of $0.61 before bouncing back to around $0.90. Arca Head of Research Katie Talati shares her insights into what this means and why this matters. Plus, outlook for bitcoin and Terra luna.