UST
代币A stablecoin that held its one-dollar peg through a mint-and-burn mechanism rather than reserves. It broke in May 2022.
Appears in
Relations
UST held its dollar peg through two-way mint-and-burn with LUNA, with no external reserves behind it.
UST was issued and settled on this chain.
Sources
- Level AUST 脱锚与 Terra 网络停止出块链上数据 · 2022-05
Unverified · Terra Classic 链上区块与铸销记录；另有多家监管机构其后的调查文件可对照。