What is UST and what does it mean for the peg to drop?
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~~Tether (trading symbol USDT) is a digital currency that the issue promises to uphold a fixed exchange rate at 1 USD= 1 USDT by issuing and buying additional tokens as needed. ~~
If that exchange rate fails for any reason, it’s possible that a mass selloff could follow and the currency could quickly die out
**EDIT:** I was just informed that symbol UST is actually correct for US Terra, another stablecoin separate from USDT. Same concept, though, and both have slipped from their pegs to various extents recently.
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