Question: Select three true statements regarding TerraUSD ( UST ) and Luna. In April 2 0 2 2 it was the third largest stable coin by
Select three true statements regarding TerraUSD UST and Luna. In April it was the third largest stable coin by market cap. UST used smart contracts and algorithms to peg the value of UST to $ US by over collateralizing with other crypto currencies such as Bitcoin and Ethereum. in may terrausd and luna It collapsed when Bitcoin and Ethereum value dropped precipitously. It is primarily built on the Solana Blockchain
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
