Conclusion
UST and Tether are both stablecoins that retain an asset’s value. Both cryptocurrencies suffered recent price falls that almost wiped out all of UST’s value. While Tether has returned to $0.99, the incident shows that rapid sell-offs may also affect stablecoins. LUNA is certainly is worst hit as it trades around $0.0004—a wide drop from $84, which it was some weeks back. It’s unlike for Tether to fall like UST, but it’s not entirely impossible.