The failure was not a Bitcoin protocol event, although reserves associated with the project had included a large bitcoin position. Losses and forced deleveraging spread through lenders, funds, and trading firms across the wider market.
All events
Terra's stablecoin system enters a collapse
TerraUSD lost its intended dollar peg and the associated LUNA token entered a hyperinflationary collapse.
▶Ride to this stop
IN THE SHOWSBoom & BustBroken Trust