How much is terrausd (Ust) worth in 2022?

While TerraUSD ( UST) stablecoin holders planned for their currency holdings always to be worth one dollar, a recent massive drop in the value of the cryptocurrency markets have led to a severe decline in value, touching a low of $0.30 on May 11, 2022.

What is terrausd (Ust) & how does it work?

TerraUSD, which trades with the symbol UST, is always intended to be worth exactly one dollar, enabling transactions to process with predictable results and giving cryptocurrency investors and traders an option to store their assets in cryptocurrency without the risk and volatility associated with typical digital currencies .

Why did Terra halt new transactions in 2022?

In the case of Terra, the situation became so dire that the Terra validators halted new transactions on the morning of May 12, 2022. The Terra Luna and TerraUSD currencies experienced a significant crash in market value, and no one knows when they will recover. This highlights the risk of certain cryptocurrencies and algorithmic stablecoins.