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There’s been enormous volatility in the financial markets this week, which has had massive following effects in the cryptocurrency ecosystem.
In uncertain times investors like to run to the safety of stable coins, but this week we’ve seen the third largest ‘’stable coin’’ crash by 40% in a matter of hours!
In this video I break down:
🔥 What is the UST stable coin and why it crashed by 40%
🔥 How the LUNA and UST algorithmic currency peg works
🔥 Why this currency peg is breaking and what it means for the cryptocurrency ecosystem
And most importantly how you can protect yourself from the financial turmoil around the world.
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