Terra Will Fork, but Will It Matter?

·3 min read
Terra Will Fork, but Will It Matter?

What a week it's been for Terra (CRYPTO: LUNA) and its algorithmic stablecoin TerraUSD (CRYPTO: UST). Trading right at its peg of $1 per token as of May 9 (where it should be), UST is now trading around its all-time low, at just above $0.11 as of 3 p.m. this afternoon. Additionally, this decline means that UST would need to return roughly 1,000% to just get back to its peg from this level, making these daily moves seem irrelevant in the bigger picture.

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