As the Terra stablecoin becomes depegged from the U.S. dollar, the biggest buyer of bitcoin in recent months could become its biggest forced seller.
UST Dollar Peg Collapses
The depegging of the Terra stablecoin (UST) from the US dollar began over the weekend and has intensified today, with Terra currently trading at $0.85. As the situation worsens, many of these market dynamics have been playing out in near real time today, and will very certainly change again over the next 24 hours....
