Cryptocurrency Luna crashes to $0 as UST falls further from dollar peg

https://www.cnbc.com/2022/05/13/cryptocurrency-luna-crashes-to-0-as-ust-falls-from-peg-bitcoin-rises.html

by pseudolus • 4 years ago

16 4 4 years ago

Normille• 4 years ago

  [Luna]...is fundamentally different to other stablecoins like tether and USDC which are backed by real-world assets such as bonds.

......other stablecoins like tether and USDC which claim to be backed by real-world assets such as bonds.

FTFY

tinus_hn• 4 years ago

If they’re worth $0, I’d like to buy a million of them.

mvlpn• 4 years ago

cost vs worth might bite you

yrgulation• 4 years ago

Bought 400k last night with the money for a few beers, just for the lulz. Hard to imagine this would have been worth 40 mil usd just a week or two ago.

Cryptocurrency Luna crashes to $0 as UST falls further from dollar peg

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