What the heck! I've just looked at it a few hours ago @ $0.95 and then it's more than it was before. Anyway, it's $0.7 right now and yeah, this is a crazy thing that the Terra team has made.
Does anyone know why its losing its value? I havent dived into terra because i am not interested on the project. Im glad, I didnt since i think TerraUsd and Terra affect each other.
It's because of what they did wasn't sustainable. There were many have said that it's going to fall as what the others have said. Their hype for buying bitcoin didn't do good for their own economy.
I think terra will be exposed a project that is just a big ponzi scheme.
We'll see, but we have to see if this so called stable coin of theirs will recover.