LUNA Surges 17% as UST Becomes the Third Largest Stablecoin

CoinDesk published this video item, entitled “LUNA Surges 17% as UST Becomes the Third Largest Stablecoin” – below is their description.

TerraForm Lab’s UST has become the third-largest stablecoin, meanwhile there’s a 17% spike in the LUNA governance token’s price. “The Hash” group discusses the race to capture the stablecoin market, comments made by Tether’s Paolo Ardoino and the differences between asset-backed and algorithmic stablecoins.

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Stablecoins are cryptocurrencies where the price is designed to be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

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