Stablecoin UST Loses Peg to the US Dollar Amid Outflow of Assets from Anchor
More than 2 billion UST were withdrawn from the Anchor protocol in less than two days against the decline in the rate of return on deposits.
More than 2 billion UST were withdrawn from the Anchor protocol in less than two days against the decline in the rate of return on deposits.
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"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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