Terra Death Spiral: What You Need to Know

Terra Luna is collapsing.

Junji Ito

Terra Luna might have destroyed the crypto markets.

Let’s talk about it.

Terra Luna is an algorithmic stablecoin. It’s pegged to the token UST — not to be confused with USDT (Tether) — which is always supposed to be stable at $1.

--

--

--

NYC Comedian & Crypto Investor | Co-Founder at Yard Couch | mccallisaiah@gmail.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Do we share the same viewpoint?

Building Roads — A Traffic Report. Week №11

How to Become a Cryptocurrency Millionaire

Founder’s Letter: Annus Mirabilis for Animoca Brands and the Open Metaverse

Scaling Shout Out: OmiseGO

Why Most Digital Currencies Will Fail

Tutti Frutti Finance (TFF) Vaults

Bloom Year One in Review

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Isaiah McCall

Isaiah McCall

NYC Comedian & Crypto Investor | Co-Founder at Yard Couch | mccallisaiah@gmail.com

More from Medium

10 Reasons to Buy Bitcoin Today

The End Of Crypto

The Fall of the LUNA Sh*tcoin Is Dragging the Market Into the Abyss, but Bitcoin Will Emerge…

Simple Investing Wisdom to Get You Through the next Recession