Breaking: blockchain formally halted following LUNA value collapse
This week, information in regards to the Terra ecosystem dominated the headlines after algorithmic stablecoin TerraUSD (UST) misplaced its peg to the U.S. greenback and continued to crash.
At its lowest level through the week, UST fell to round $0.13, based on CoinMarketCap. The meltdown additionally affected LUNA as a consequence of its symbiotic relationship with its sister asset. After reaching a excessive of $120 in early April, LUNAs worth plummeted this week to mainly zero.
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