Terra Luna has fallen below $10

Home / Terra Luna has fallen below $10

Terra Luna has fallen below the $10 level. The drop was 87% for the week.
In turn, the UST Terra algorithmic stabelcoin traded at $0.61 and lost its peg to the dollar again.

Luna Foundation Guard is now using all of its bitcoin reserves to support stablcoin.

Earlier, U.S. Treasury Secretary Janet Yellen cited Terra’s collapse to justify the urgency of regulating stablcoin.

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