Luna’s problems are rooted in the fall of its sister coin Terra. The algorithmic stable coin is supposed to maintain a one-to-one peg against the US dollar but slumped nearly to $0.26 to the dollar on Wednesday night after the complex mechanisms that are supposed to hold the dollar peg failed leading to the UST crash.from Personal Finance News-Wealth-Economic Times https://ift.tt/NWA6IbV
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