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 2022 it was the third largest stable coin by market cap. UST used smart contracts and algorithms to peg the value of 1 UST to $1 U.S by over collateralizing with other crypto currencies such as Bitcoin and Ethereum. in may 2022, 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 blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!