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This Is How the Terra Stablecoin Actually Imploded

Odd Lots

CHAPTER

Unraveling the UST De-Peg Crisis: A Perfect Storm of Events

This chapter examines the de-pegging of the UST stablecoin and the ensuing chaos in the crypto market. It outlines the timeline of events, focusing on liquidity migration and debating whether the turmoil was driven by a coordinated attack or individual investor panic.

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