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When Algorithms Fail: How an Algorithmic Stablecoin’s Collapse Fuelled a Crypto Bear Market
The crypto asset market faced one of the most challenging times in its short history in May 2022. Terra (LUNA) and Terra USD (UST) – two of the biggest cryptocurrencies with a combined value of over $80 billion – collapsed. The contagion effect resulted in billions of dollars wiped off the crypto market and several…