A stable coin that was nothing but stable:
UST was supposed to be a stable coin fixed (peged) at 1$.
It is now worth only 0.38$. Needless to stay that many investors, some of them risk averse with a choice to hold 'stablecoin' and avoid volatility in the market. A disaster for UST, Terra Luna, their investors and the Crypto market all together.
Sad... but how did it all happen?
How to make a >800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style:
Everyone is talking about the $UST attack right now, including Janet Yellen. But no one is talking about how much money the attacker made (or how brilliant it was). Lets dig in🧵
UST was supposed to be a stable coin fixed (peged) at 1$.
It is now worth only 0.38$. Needless to stay that many investors, some of them risk averse with a choice to hold 'stablecoin' and avoid volatility in the market. A disaster for UST, Terra Luna, their investors and the Crypto market all together.
Sad... but how did it all happen?
How to make a >800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style:
Everyone is talking about the $UST attack right now, including Janet Yellen. But no one is talking about how much money the attacker made (or how brilliant it was). Lets dig in🧵
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🌐FOREX SPECIAL: fxprofessor.com/forex-special 💡💙💬 Public Telegram: www.t.me/fxprofessor88 💎
