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

May 9, 2022

in Blockchain

Reading Time: 1min read

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

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