This just shows algorithmic stable coins is still an experiment for the founders. It's just unfortunate that this supposedly stable coin caused some panic among investors and it's safe to say they lost money too.
.....
I also don't understand why TerraUsd has dropped in price, even though other stablecoins like BUSD, USDT and USDC have always stayed at $1 as usual.
Those three are backed by fiat and other assets unlike UST which relies on algorithmic relationship with LUNA.