Price of algorithmic stablecoin UST drops 2% below dollar peg

The algorithmic stablecoin UST has fallen 2% below its peg to the US dollar, according to data from crypto exchange Binance. The post Price of algorithmic stablecoin UST drops 2% below dollar peg appeared first on The Block.

Timeline of Terrausd

The algorithmic stablecoin UST, which is part of the Terra crypto ecosystem, is struggling to maintain parity with the dollar following a Saturday market event. The post UST stablecoin struggles to maintain $1 parity amid crypto market turbulence appeared first on The Block.

The demand for efficient money markets is so high that not even the inflation rate at 8.5% is diminishing it. The post After UST's Success, a New Race for L1 Stablecoins is Here appeared first on CryptoSlate.