Early Terra Investor, Jump Crypto, Concludes USTs Depeg Was Accelerated by A Strong BTC Market Selloff

Summary: Jump Crypto has released a report reviewing the collapse of UST. According to their analysis, UST’s depeg was triggered by a sequence of trades in the UST/3CRV Curve pool. UST outflows from Anchor Protocol soon followed, further straining the stablecoin’s stability. The strong market sell-off that followed accelerated the depegging of UST in the crypto markets. Jump Crypto, an early investor in the Terra (LUNA) project, has released a comprehensive report on the events surrounding the depegging of TerraUSD […]