TerraUSD, also known as UST, is one of two projects from Terra. The other, luna, was also down significantly and had lost approximately 96% of its value in a week. UST has an approximate circulation of close to 16 billion coins.
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TerraUSD, a planned stablecoin pegged to the U.S. dollar, fell as low as $0.26 amid a chaotic market last week. So reports CNBC.
TerraUSD, also known as UST, is one of two projects from Terra. The other, luna, was also down significantly and had lost approximately 96% of its value in a week. UST has an approximate circulation of close to 16 billion coins.