Too Long; Didn't Read
The value of TerraUSD (UST) nosedived on Monday, 5/9/2022. The coin continued to fall over the week, where, with less than 700 million coins in circulation, it hit just above $0.13 on Friday. This epic crash now leaves investors, companies, and the investing industry as a whole, in stunned disbelief. It achieved this by using LUNA (the native token of the Luna blockchain) to stabilize the UST so that you could always trade 1 UST for $1 worth of LUNA.