SUBSCRIBERS
Nightmare on Crypto Street: Investors share their pain as TerraUSD stablecoin crashes
Published Fri, May 13, 2022 · 05:38 PM
IT started as a small thrill, and hopes that the US$1,000 invested in Terra’s USD (UST) will repeat what Bitcoin did for its investors when it skyrocketed from US$1,000 to US$20,000 in 2017.
That dream came crashing down this week.
Speaking to The Business Times without wanting to be identified, a young investor shared the appeal of these virtual assets that exist entirely on the digital realm.
READ MORE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Blackstone-led consortium eyes snacks business of India’s Haldiram’s: sources
Japanese bond yields climb to decade highs on BOJ policy bets
China megabanks kick off 60 billion yuan loss-absorbing bond sales
Nomura seeks to double profit by 2030 in latest growth plan
OCBC prices US$500 million fixed-rate subordinated notes
China extradition worries grow for convicted money launderer deported to Cambodia