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Terra’s $45 Billion Face Plant Creates a Crowd of Crypto Losers

by Index Investing News
May 14, 2022
in Financial
Reading Time: 1 min read
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(Bloomberg) — This week’s undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto. First, there’s the quick impression: The fast collapse of a once-popular pair of cryptocurrencies despatched a ripple impact throughout the trade, contributing to plummeting coin costs that wiped a whole lot of billions of market worth from the digital-asset market and stoked worries over the potential frag…





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