Double bubble? Terra’s defunct ‘unstablecoin’ suddenly climbs 800% in one week

2022.06.30 05:46

Double bubble? Terra’s defunct ‘unstablecoin’ suddenly climbs 800% in one week

Terra‘s $40-billion experiment to create a functional “algorithmic stablecoin” project has failed drastically following its collapse in May.

Nonetheless, its native stablecoin TerraClassicUSD (USTC), earlier called TerraUSD (UST), has been thriving in the past week.

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