Inside crypto’s colossal collapse: Experts discuss what triggered $60B loss in market cap
The crypto market was back in the headlines in early May as the cryptocurrency stablecoin TerraUSD (UST) broke its peg to the U.S. dollar. UST was an algorithmic stablecoin of the Terra blockchain, which used arbitrage with its sister cryptocurrency, Luna, to maintain UST’s value. The collapse of both led to a loss of nearly $60 billion in market capitalization from the two coins. Experts talk with UNC-s Kenan Instititue about what happened, why, and what’s next.
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