Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg

source: CoinDesk

2022. May. 09. 20:35

Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg Deposits on the Anchor protocol plunged below $9 billion from $14 billion since Friday after Terra’s stablecoin, UST, struggles to recover to $1. ANC, the protocol’s token fell 35% during the day.