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What happens when you die…and you’re a cryptocurrency? Because deaths of this sort have been happening in record numbers lately.
The most famous death of a cryptocurrency is probably TerraUSD which, along with sister token Luna, plunged in value from its $1 peg to 14 cents over the course of one chaotic week, and then kept dropping to about 2 cents, where it has mostly stayed ever since.
This is how currencies die. TerraUSD was renamed USTC, and trades have happened from time to time…
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What happens when you die…and you’re a cryptocurrency? Because deaths of this sort have been happening in record numbers lately.
The most famous death of a cryptocurrency is probably TerraUSD which, along with sister token Luna, plunged in value from its $1 peg to 14 cents over the course of one chaotic week, and then kept dropping to about 2 cents, where it has mostly stayed ever since.
This is how currencies die. TerraUSD was renamed USTC, and trades have happened from time to time…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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