Despite Its Name, Terra’s Stablecoin Value Plummets
In yet another sheath of stablecoins being less - than - stable , terraUSD ( UST ) dive below its $ 1 monetary value pin for the first prison term since its origin . Bloomberg spottedthe coin slipping to about 99 cents over the weekend , before plunging to some 60 cents on Monday night . As of this composition , Coindesk reportsthat the UST seems to be hovering between 92 cents and 98 cents ....