SINGAPORE - Investors in the cryptocurrency universe were sent scrambling after the sudden and dramatic crash of stablecoin TerraUSD, known for its stability, triggered a sell-off that has spread to other digital tokens in the market.
TerraUSD, or UST, is a stablecoin - a breed of cryptocurrency known in the digital asset market to be more stable and has thus gained traction with traders.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
