Why TerraUSD and Terra Are Falling Today

Why TerraUSD and Terra Are Falling Today

Over the last 24 hours, the price of the algorithmic stablecoin TerraUSD (CRYPTO: UST) and its sister cryptocurrency Terra (CRYPTO: LUNA) continued to trade with intense volatility. The price of TerraUSD has plunged more than 31% as of 10 a.m. ET today, while the price of Terra has fallen more than 30%. TerraUSD uses a complex minting-and-burning process with Terra to maintain its peg to the dollar.