Jun 4, 2022
2 min read
What caused Terra LUNA to fall apart?
This “stablecoin” initiative aimed to create a digital currency token with a set value, usually one US dollar. Terra was the result of this endeavor.
Stablecoins have been around for a long time. A few of the most widely used stablecoins are tether and USDC. When users deposit money, they earn stablecoins, which may be exchanged at any time for the original amount.
