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2022-05-12 07:00:43

Algorithmic Stablecoin Like $UST Prone to Pose Great Risk! Here’s What Research Says

The post Algorithmic Stablecoin Like $UST Prone to Pose Great Risk! Here’s What Research Says appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe UST dollar peg touched a low of $0.6 on May 10th. Shortly after the Luna Foundation Guards (LFG) finished building their $3 billion treasures last week, the stablecoin was challenged due to low liquidity. The de-pegging of the UST Dollar began with large withdrawals from Anchor’s pool 53, and the UST Dollar fell from …

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