Why Is UST, LUNA Crashing? Collapse of a Once $40 Billion Cryptocurrency, Explained
Investors are trying to make sense of what's going on with a popular token known as TerraUSD, or UST, once the world's third largest stablecoin, which has failed to maintain its value relative to the U.S. dollar.Fred Tanneau/Agence France-Presse/Getty ImagesHere's what investors need to know:What is an algorithmic stablecoin?A stablecoin is a type of cryptocurrency with a value pegged to other assets, usually fiat currencies such as the U.S. dollar. They are designed to maintain a stable price,