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Trending Project: TerraUSD (UST) 📈

Crypto’s largest decentralized stablecoin is under pressure.
Trending Project: TerraUSD (UST) 📈
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UST is an algorithmic, dollar-pegged stablecoin. UST is in the midst of a significant stress test as it has experienced significant downward pressure on its peg since May 7. As of writing, the stablecoin currently trades at roughly ~$0.985 on Binance and Curve on Ethereum.

📖 To read more about how UST works in depth, click here.

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Ben Giove

Written by Ben Giove

92 Articles View all      

Former Senior Analyst at Bankless.

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