Go learn this look into how the autumn of TerraUSD took the whole lot from some stablecoin traders

Illustration by Alex Castro / The Verge

The current collapse of the TerraUSD (UST) stablecoin caught the crypto market abruptly. For individuals who noticed Terra as a safer asset in comparison with different, extra brazenly unstable cryptocurrencies, and invested closely within the coin or its related Anchor protocol, they’re now coping with the aftermath as they let go of belongings to try to make up for his or her misplaced nest eggs.

A report by The Wall Avenue Journal on Friday informed the tales of a number of of those traders, together with one physician who defined how the autumn of TerraUSD is affecting his household’s future.

Keith Baldwin, a 44-year-old surgeon who lives outdoors New Bedford, Mass., saved $177,000 throughout the previous decade. Final 12 months he took his financial savings and purchased USD Coin, placing it in a…

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