Stablecoin UST, from Terraform Labs, lost it’s pegging to USD, which led to a cascade of events and saw a run on the algorithmic stablecoin, leading to a collapse of UST and LUNA.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- The Terra Ecosystem has collapsed. Terra’s UST stablecoin lost its peg to the dollar and the LUNA token has lost more than 99% of its value in just a few days.
- The Terra ecosystem has lost $50 Billion in value.
- Sarson Funds analysts digest the unfolding and what may be next.
Click image above to view full announcement.
Contacts:
Jenell McLaughlin
7818359051
jenell@sarsonfunds.com
Source: Sarson Funds
Distributed by: Reportable, Inc.
