UST Terra Luna USD Tank - Is It Over For All Crypto Currencies And Bitcoin Stablecoins? Earn Money
Channel: Junson Chan Stocks Crypto Bitcoin Defi Yield Farm
Date: 11/05/2022

https://app.beefy.com/#/bsc/vault/cakev2-ust-busd
https://twitter.com/stablekwon/status/1524331172859236353
https://coinmarketcap.com/currencies/terrausd/

A confluence of macro economic factors ultimately caused a massive flash crash in the crypto currency markets and terra usd.

Basically the inflation report was worse than expected along with us economic news, which caused a panic sell and huge demand for dollars. This downward pressure hit ust particularly hard and everyone dumped as fears of higher inflation and interest rate hikes was going to kill everything.

As of this writing, the fears are way overblown and the us dollar is selling off, creating more liquidity as investors are now buying "stuff" and crypto currencies again. This should help rapidly accelerate luna and ust's price recovery.

Do kwon, the founder of luna and ust, is already on top of things but I do hope he follows other stablecoin projects and backs ust in the future with actual us dollars, specifically us treasury bonds.

For real time crypto news and geopolitical risk updates, following my twitter: https://twitter.com/realjunsonchan

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Disclaimer: This is not financial advice. These are my own personal opinions. You must do your own research if you wish to invest in anything.