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Korean Price Drops as US Legislation Would temporarily ban 'Terra-like' Algorithmic Stablecoins

🌟 NEWS FEEDING: Do Kwon's Terra LUNA price drops as US Legislation would temporarily ban 'Terra-like' Algorithmic Stablecoins

LUNC LUNA USTC CryptoNews

πŸ‘‰ Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins like TerraClassicUSD (USTC) which de-pegged from the US dollar earlier this year causing widespread crypto market contagion.

LUNC LUNA USTC

Terra

πŸ‘‰ Following the breaking news, the USTC, LUNA and LUNC price are in the red today, dropping about 5% in the last 24 hours.

LUNC LUNA USTC

Terra

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This post is based on this twitter thread.

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