Euro stablecoin volumes have spiked to all time highs in 2022.

EVMOS Testnet Aidrop in Future | #TamilBTC #NammaCrypto https://youtu.be/LIT3ZKloT84

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Trying to better understand the Terra situation.

Terra Mcap = $4.6B

TerraUSD Mcap = $13.9B

Does this mean, even if entire Terra supply is used to buy TerraUSD

$13.9B - $4.6B = $9.3B no collateral?

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BREATHE.

RELAX.

$LUNA $UST

The entire Terra ecosystem is now at risk of collapse.

I am sorry if you have money in Terra right now.

$Luna price from 10$ to 100$ in 22 weeks.

$Luna price went from 100$ to below 10$ in just 2 weeks.

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Traditional stablecoins are less volatile since they are backed by fiat or a commodity that resists to price fluctuations.

The popularity of algorithmic stablecoins was on the rise before the controversial $UST was devalued by ~60%.

Which type of #stablecoin do you use?
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https://i.imgur.com/GyhoSVn.png

USDT vs INR
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My buddy just rode a $300 50x $LUNA short position from $116 to $2.5 for 2219x for $600k profit.

JFC 🤯

His response after: “Dammit shoulda done a $3k short”

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It Coming…