Holpop News

The UST Algorithmic Stablecoin temporarily lost its peg to the U.S. dollar due to a $300 million sale of Stablecoin through the Binance and Curve markets.
Traders subsequently withdrew $2 billion from the Anchor protocol, which allows for interest payments from UST deposits. As a result, the price of the Anchor Protocol (ANC) token fell 18% and the assets in the protocol to $13.87 billion.
These events caused the UST exchange rate to plummet to $0.986, but later partially recovered.
The Curve development team also confirmed that someone had started selling UST in droves.
“Today’s attack on Terra-Luna-UST was deliberate and coordinated. A huge UST dump on Curve and Binance by one player, followed by large short positions on Luna and hundreds of messages on Twitter. Pure staging. The project is in someone’s way. We’re on the right track!” – reads a retweet by Terra founder Do Kwon.
Later, Tron founder Justin Sun expressed confidence that UST would regain its anchor in the dollar and said he was buying UST.