COMMIT OVER

Last updated: June 19, 2025, 00:33  |  Written by: Arthur Hayes

Commit Over
Commit Over

The Cryptocurrency Market Is In

While on Tuesday UST rebounded to about $0.90, the episode has delivered a blow to UST’s credibility, and perhaps that of algorithmic stablecoins in general.

UST maintains its 1:1 dollar peg through an algorithm that utilizes an arbitrage mechanism with its sister token LUNA. Both UST and LUNA are interlinked via the

The cryptocurrency market is in turmoil, exacerbated by the collapse of luna and the UST stablecoin, both tied to the terra blockchain. Why it matters

Terrausd

TerraUSD (UST) is an algorithmic stablecoin designed to maintain its peg through on-chain arbitrage activity. Through the Terra Station wallet, users are able to swap 1 UST for $1 worth

Are Algorithmic Stablecoins Dead Already? A Full Breakdown of

How Terra’s collapse will impact future stablecoin regulations

The Interaction Between Luna And

Terraform Labs CEO Do Kwon Outlines Terra's Path Forward for

Luna Crypto Crash: How UST Broke and What's Next for Terra

The interaction between LUNA and UST. Terra used a dual token system to peg its value to the dollar. On the one hand, the LUNA token was used to pay network fees

We Identify The Collapse Of

Terra: China to strictly scrutinize stablecoins post LUNA-UST

We identify the collapse of the Terra-Luna ecosystem as the pivotal event that triggered a significant decrease in the exchange’s liquidity. Results suggest that the crash was

Anatomy of a Stablecoin’s failure: The Terra-Luna case

To Re

UST-Luna Crash and Asian Financial Crisis

The collapse of the Terra ecosystem, which subsequently depegged its algorithmic stablecoin TerraUSD (UST) value and crashed it to an all-time low of $0.30, has

To re-peg UST, Kwon has proposed an increase the supply of LUNA on the market in order to absorb investors' attempts to offload the broken stablecoin.

It Has Been Almost Three

Terra’s Stablecoin Structure Unravels on a Wild Day LUNA's

The collapse of the Terra Luna ecosystem and its implications

It has been almost three weeks since the Terra ecosystem collapsed. UST was de-pegged from the dollar and to save the sinking boat

Arthur Hayes can be reached at [email protected].

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