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Tag: Stablecoins were supposed to be ‘stable.’ Then the crash came – CNN

Bitcoin's carbon footprint is growing larger. Here's why.

Stablecoins were supposed to be ‘stable.’ Then the crash came

Posted on May 18, 2022 by mangakiko

On Twitter and Reddit, stunned Luna and TerraUSD investors tried to take stock of their losses after the cryptocurrencies’ dramatic collapses last week. The two cryptos took a beating as Terra — a supposed “stablecoin” that was meant to retain a $1 price point — lost its peg, and the connected Luna crypto dropped 99%…

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