Cryptocurrency luna now almost worthless after controversial stablecoin it is linked to loses peg

Cryptocurrency luna now almost worthless after controversial stablecoin it is linked to loses peg

May 13, 2022 Raleigh Serna 0

Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, has almost dropped to $0. The cryptocurrency markets have seen a steep sell-off over the last week after the TerraUSD stablecoin lost its $1 peg.Dan Kitwood | Getty Images News | Getty ImagesLuna, the sister cryptocurrency of controversial stablecoin TerraUSD, has collapsed to nearly $0.TerraUSD, or UST,…