The Right Place to Buy, Exchange and Borrow against Your Crypto.

Get Started
What now for stablecoins following the Terra UST disaster? What now for stablecoins following the Terra UST disaster?

What now for stablecoins following the Terra UST disaster?

The Terra implosion provoked a backlash from lawmakers who say tougher rules on stablecoins are needed to govern the space.

What now for stablecoins following the Terra UST disaster?

Cover art/illustration via CryptoSlate

It’s been over a week since Terra UST de-pegged, triggering a massive market drawdown.

UST’s market cap plummeted from $18.7 billion to $1.15 billion at writing.

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.

Here's what's included in your membership:
Exclusive Articles

Be the first to read the most compelling stories high-level insights.

Private Discord Community

Communicate directly with our journalists in our private Discord.

Ad-Free Experience

We hide all advertisements for a clean and fast user experience.

Pay with Crypto ($228)
BTC · ETH · USDC · DOGE · LTC · DAI · BCH