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Luna’s Collapse Shows DeFi’s Dire Need for Technical, Regulatory Controls

A silver lining: It seems as though asset-backed stablecoins such as USDT, USDC and BUSD have weathered the storm and investor sentiment remains intact, although they haven’t been untouched. USDT, for instance, traded nearly 5% away from its USD peg on Thursday, showing how extreme volatility affects the price of stablecoins that are meant to be 100% asset backed.