The prices of inter-linked LUNA and UST tokens on the popular Terra network tanked, leading exchanges including Binance to suspend transactions in those assets. What are LUNA and UST? UST is a U.S. dollar-linked stablecoin with a value based on demand algorithms, rather than collateral reserves of actual USD. Its user community is known as “LUNAtics.”1/ Liquidity brawl behind the scenes amid material $UST peg deviation on third-party venues. Only one usable, secure and scalable blockchain network is capable of winning the public’s trust and solving volatility problems.

Source: Washington Post May 11, 2022 13:56 UTC