Unstable Stablecoin. Why TerraUSD Crashed

15/05/2022 8 min

Listen "Unstable Stablecoin. Why TerraUSD Crashed"

Episode Synopsis

Today I'm talking about what is a stable coin, why a stable coin TerraUSD (UST) crashed by 70%, and whether other stable coins are stable or they are going to crash as well.The official website to buy Ledger Nano https://shop.ledger.com?r=0f1709580c26 About the channel.On The Contributors Show, you can learn how to start and grow your business and how to make money.Victor Gichun is the Creator and Host of The Contributors Channel, and a co-founder of Excess Logic, a nationwide excess electronics liquidation company. To sell surplus Lab, R&D, or IT equipment, and get up to 90% back visit https://excesslogic.com/ For collaboration and advertising, please email: [email protected] Follow me on: Facebook https://www.facebook.com/The-Contributors-100721632407624 Twitter https://twitter.com/VictorGichun  LinkedIn https://www.linkedin.com/in/victorgichun/ Instagram https://www.instagram.com/vicgichun/ TikTok https://www.tiktok.com/@victorgichun   00:00 Introduction00:48 What causes a crash of TerraUSD by 70%? 03:21 What is a stable coin?05:46 TerraUSD (UST) is an algorithmic stable coin. Subscribe to The Contributors for all new updates.#stablecoin #crypto #bitcoin #terrausd #terraluna #btc #cryptonews #blackrockcompany #citadelcompany #ust #terraust #algorithmicstablecoin #cryptocurrencynews #tetherusd #usdt #tether #usdttether #tethercoin #tethercrypto #stablecoins #usdc #usdcstablecoin #cryptocurrency #cryptonewstoday #stablecoin #lunaterra #lunaust #lunacrypto #lunacoin #altcoin #cryptocurrencynewstoday #cryptocrash #whyiscryptocrashingrightnow #stablecoinsexplained #whatstablecoins