UST Stablecoin Veers Wildly From Dollar Peg. Here's the Latest

LATEST: As $UST craters below its dollar peg, questions swirl around what happened and what's next. skesslr and realDannyNelson report

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UST stablecoin struggles to maintain $1 parity amid crypto market turbulenceThe algorithmic stablecoin UST, which is part of the Terra crypto ecosystem, is struggling to maintain parity with the dollar following a Saturday market event.
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Price of algorithmic stablecoin UST drops 2% below dollar pegThe algorithmic stablecoin UST has fallen 2% below its peg to the US dollar, according to data from crypto exchange Binance.
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UST stablecoin falls to record low amid continued market tumultThe price of algorithmic stablecoin UST fell to a new low on Monday amid continued volatility in the broader cryptocurrency market.
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As LUNA's Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93 – Bitcoin NewsAs the stablecoin $UST slipped, the Luna Foundation Guard’s bitcoin wallet and ethereum Gnosis safe address has been emptied.
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