The UST stablecoin lost its peg, crashing more than 30% at one point, with billions in bitcoin sold to stabilize it.
$2 Billion Bitcoin Sold to Stabilize Crashing UST Dollar
BlockchainTime Stamp: May 10, 2022 8:42 AM
The UST stablecoin lost its peg, crashing more than 30% at one point, with billions in bitcoin sold to stabilize it.