terra luna crypto crash

Most rival algorithmic stablecoins, which use a complex combination of computer code and trader incentives to maintain their pegs of one-to-one to the dollar, are also below that threshold -- though not at the 80% extreme seen on TerraUSD on Wednesday. TerraUSD isn’t the first algorithmic stablecoin whose peg has blown up. Neutrino, which sought to keep at equilibrium by issuing and burning tokens