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Kevin Zhou on UST’S Roller Coaster Ride and Where It Goes From Here

And in the span of 72 hours, the Terra ecosystem, which includes the LUNA token and TerraUSD (UST), among other algorithmic stablecoins, has been in free fall. LUNA’s price has fallen by more than $80, while UST, the stablecoin pegged to the U.S. dollar, dropped to 37 cents earlier today.