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'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg

Terra's UST briefly fell below $6.5 billion in market cap on Wednesday morning, allowing DAI to be the fourth-biggest stablecoin on the market for a time.

Updated May 11, 2023, 3:43 p.m. Published May 11, 2022, 8:18 p.m.
Do Kwon, a cofounder of Terraform Labs
Do Kwon, a cofounder of Terraform Labs