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As Terra’s Dollar Stablecoin UST Collapses, LUNA Falls 97% to Under $1

While Terra's UST trades more than $0.75 from its dollar peg, the currency responsible for maintaining that peg, LUNA, is also in freefall.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

As Terra’s Dollar Stablecoin UST Collapses, LUNA Falls 97% to Under $1
While Terra's UST trades more than $0.75 from its dollar peg, the currency responsible for maintaining that peg, LUNA, is also in freefall.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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