Breaking News: TerraUSD, Luna Melt Down

Published on
May 11th, 2022
17 minutes

Breaking News: TerraUSD, Luna Melt Down

Crypto Seismic ·
Featuring Ash Bennington, Leslie Lamb and Jessica Walker

Published on: May 11th, 2022 • Duration: 17 minutes

The not-so-stablecoin TerraUSD and its sister token Luna are in freefall, dragging the wider market down and renewing concerns about stablecoins. The stability was meant to be underpinned by an algorithm that appears to have failed spectacularly under pressure from a wider crypto sell-off. Jessica Walker, CMO of Fluid Finance and Leslie Lamb, CMO of CoinFLEX and Host of the "Crypto Unstacked" podcast, join Real Vision's Ash Bennington to assess the immediate facts and their wider impact. Recorded on May 11, 2022.