The LUNA UST Bank Run

Just to be clear, there is no predominant or decided US or SEC lawsuit, litigation or “case” related to Terra Luna, or UST.  One is sure to come though.  Last month the LUNA crypto currency was worth 30 billion, this month it’s worth less than 100 million.   Its companion stablecoin, UST, which is “pegged” one-to-one to the U.S. dollar, plunged below 37 cents.  This is exactly the type of thing regulators were worried about, warning of and now, dwelling over. Expect heavy handed drafts of proposed regulations to circle the news before being excised by a leveler minds.  There is a difference between algorithmic stablecoins, aka UST and collateralized stablecoins, aka Tether, but the government isn't exactly fond of either.  Stablecoins are the threat closest to home in the eyes…
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