Diversifying Stability: Stablecoins Finding Home Beyond the Greenback

https://www.coindesk.com/markets/2024/02/07/diversifying-stability-stablecoins-finding-home-beyond-the-greenback/

Not all stablecoins, however, deliver on their promise of stability and liquidity. In mid-2022, TerraUSD was de-pegged, losing its value, simultaneously crashing the price of its sister coin, Luna. In a matter of days, both coins quickly became worthless, wiping billions of dollars off the cryptocurrency markets.