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Nightmare on Crypto Street: Investors share their pain as TerraUSD stablecoin crashes
Angela Tan
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.
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