UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stableco...

UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stableco...

On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover. However, by 9:15 a.m. (ET) on Tuesday morning, the stablecoin has managed to climb back to $0.934 per unit. ** This article has been updated at 1:00 p.m. (ET) to include commentary from an unnamed source regarding specific claims stemming from social media. UST Stablecoin Plunged to $0.66 per....


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