Understanding the TerraUSD Stablecoin Crash
A Deep Dive Post-Mortem For The (Not Necessarily) Initiated
During the week that is coming to an end, the majority of cryptocurrencies experienced severe losses, Bitcoin (BTC), for example, lost c. 30% of its value.
But no cryptocurrency had a more remarkable crash than TerraUSD (UST), a so-called “stablecoin”. In fact, UST…