Question: Select three true statements regarding TerraUSD ( UST ) and Luna. - In April 2 0 2 2 , it was the third largest stablecoin
Select three true statements regarding TerraUSD UST and Luna.
In April it was the third largest stablecoin by market cap.In April it was the third largest stablecoin by market cap.
UST used smart contracts and algorithms to peg the value of UST to $ US by overcollateralizing with other cryptocurrencies such as Bitcoin and Ethereum.UST used smart contracts and algorithms to peg the value of UST to $ US by overcollateralizing with other cryptocurrencies such as Bitcoin and Ethereum.
In May TerraUSD and Luna collapsed when Bitcoin and Ethereum value dropped precipitously.In May TerraUSD and Luna collapsed when Bitcoin and Ethereum value dropped precipitously.
It is primarily built on the Solana blockchain.It is primarily built on the Solana blockchain.
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