ST Alpha - "Update on that "stablecoin" LUNA designed algorithmically to be pegged to USD. Yeah, it's down around 0.32. This coupled with BTC has even pulled " (Reading a Post)

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Update on that "stablecoin" LUNA designed algorithmically to be pegged to USD. Yeah, it's down around 0.32. This coupled with BTC has even pulled

Posted by oblique (aka kkuphal) May 11 '22, 06:03

Coinbase down 19% (along with their loss in revenue)

https://www.cnbc.com/2022/05/11/terra-ust-stablecoin-dives-below-1-peg-luna-cryptocurrency-down-80percent.html (www.cnbc.com)

Responses:

“When banks fail, it is seldom bankers who starve.” -- nm - znufrii May 11, 06:11
nm -- nm* - decline May 11, 06:10
Cramer: "You look at these stablecoins and they're anything but stable." -- (edited) - budice May 11, 06:08
Related: Coinbase intimates that users funds would be lost if it goes bankrupt -- (link) - oblique May 11, 06:04 1
- Better give them more money so you don't lose your money! -- nm - Reagen May 11, 06:07

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