Stablecoin Credibility Takes a Hit with The Fall of UST Coin

Published by
The Street

By Rob Lenihan The collapse of the UST coin is wreaking havoc on the crypto market and destroying industry efforts to win the trust of the general public. Bob Dylan once said that “there is nothing so stable as change” and after the last few days, stablecoin investors would probably agree. Cryptocurrency prices were finally starting to climb on May 13 after taking a severe pounding for the last few days. The market was severely rocked when the stablecoin UST and its sister coin Luna lost nearly all their value. A Matter of TrustUST and Luna are the main tokens of the Terra protocol, a decentra…

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