Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
David Pinsen

A Lehman Moment For Crypto? Breaking The Buck In Terra's Stablecoin UST As LUNA Collapses.

Breaking The Buck In The Crypto Collapse

Crypto is a sea of red now, with even the blue chip of the bunch, Bitcoin, down 30% over the last week, but the most dramatic fall has been in the Terra LUNA coin, which is down about 99% over the same time frame. (CRYPTO: LUNA) is a complement to Terra's U.S. dollar "stablecoin" (CRYPTO: UST), which until recently, was pegged to the dollar dollar. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.