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UST Stablecoin Loses Dollar Peg for Second Time in 48 Hours, LUNA Market Cap Falls Below UST's

The development comes after the Luna Foundation Guard announced that its massive bitcoin reserves will be used to defend UST’s dollar peg.

Updated May 11, 2023, 6:55 p.m. Published May 9, 2022, 4:51 p.m.

UST has fallen below its dollar peg again. (Getty Images)