The Terra exchange rate collapsed 95% in 24 hours and fell bel | Crypto for Dummies

The Terra exchange rate collapsed 95% in 24 hours and fell below $1.5

The value of the altcoin continues to fall because of problems with the pegging of the UST stablecoin to the U.S. dollar

TerraUSD (UST) plummeted 96% overnight to its lowest level since early 2021 at $1.2 on May 11. Last week the price of altcoin exceeded $80, and it was among the top largest by capitalization.