More casualties could result from the crypto winter among stablecoin holders. TerraUSD’s de-pegging on Tuesday (UST). Market sell-offs triggeredNow, here’s the deal:USDTThe U.S. dollar has fallen against, and ), appears to be on the verge of losing its feet.

As the name suggests, the algorithmic stablecoin UST has been algorithmically backed. LUNA, the ecosystem’s corresponding token, has sunk over 95%Since Tuesday, UST has been hovering around $0.50.