The post Algorithmic Stablecoin Like $UST Prone to Pose Great Risk! Here’s What Research Says appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
The UST dollar peg touched a low of $0.6 on May 10th. Shortly after the Luna Foundation Guards (LFG) finished building their $3 billion treasures last week, the stablecoin was challenged due to low liquidity. The de-pegging of the UST Dollar began with large withdrawals from Anchor’s pool 53, and the UST Dollar fell from …
