IPFS News Link • Blockchain
Stablecoin 'Terra' Collapses In 'Digital Bank Run', Founder Outlines Path Forward
• https://www.zerohedge.com by Tyler DurdenAfter attempts to shore up the peg when both LUNA and Bitcoin reserves failed, another mass sell-off, which some argued was "coordinated" to destroy the Terra ecosystem, sent the stablecoin crashing to 30c as traders warned of a "death spiral" in an asset that should supposedly be pegged to the dollar.