Comment on The Real Reasons Behind the Crypto Crash, and What We Can Learn from Terra’s Fall

The Real Reasons Behind the Crypto Crash, and What We Can Learn from Terra’s Fall

Crypto markets are in freefall this month—and their struggles have been gravely exacerbated by the demise of a $60 billion project that critics are calling a Ponzi scheme. The project in question is TerraUSD (UST), a stablecoin pegged to the U.S. dollar that its supporters hoped would upend traditional payment systems across the world.

 

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