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The Unfortunate Collapse of Luna and UST: What Went Wrong?
The cryptocurrency market is no stranger to volatility, and the collapse of Luna and UST in November 2021 was yet another reminder of this fact. The sudden drop in the value of these stablecoins sent shockwaves through the crypto community, and it led to significant losses for investors and traders. So, what exactly happened, and what were the underlying causes of the collapse? To understand this, we need to take a closer look at the stablecoin market and how it works. Stablecoins are cryptoc...
The Unfortunate Collapse of Luna and UST: What Went Wrong?
The cryptocurrency market is no stranger to volatility, and the collapse of Luna and UST in November 2021 was yet another reminder of this fact. The sudden drop in the value of these stablecoins sent shockwaves through the crypto community, and it led to significant losses for investors and traders. So, what exactly happened, and what were the underlying causes of the collapse? To understand this, we need to take a closer look at the stablecoin market and how it works. Stablecoins are cryptoc...
