TerraUSD (UST) is no longer a “stable coin” Check the chart below
It is not only bitcoin that is getting hit. Even stable coins are no longer able to find their footing. Check out this one and see how it dropped steeply.
I guess it is because most of these crypto things are relying on the power of bitcoin.
“Stable coin” pic.twitter.com/Qnm2yEx9B3
— Bitcoin Magazine (@BitcoinMagazine) May 10, 2022