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Despite last week’s de-pegging of TerraUSD from the U.S. dollar, CoinShares data shows that intrepid investors still chose to add to their positions in TerraUSD, which attracted $43,000 in inflows.
Since last weekend, an algorithmic stablecoin that claims to be pegged to the dollar has experienced a crash-like slump, which has also provided fresh material for the U.S. financial regulator to urge the legislative process to speed up.
Not only the digital currency itself has fallen, but the stock prices of related listed companies have also plummeted simultaneously, such as blockchain companies Hive, Riot and mining company Marathon Digital have almost slashed their ankles since their highs last year.