Crypto Route: After UST and Lunar, another stablecoin falls

Crypto investors no longer know where to turn.

Crypto pricing is now related to the stock market, which means that, as the saying goes, when the stock market coughs, the price of the digital currency suffers from pneumonia.

It has continued this year amid fears of a recession. That concern has been replaced by inflation, the highest in 40 years, and worsened by the recent resurgence of the Covid-19 in China, due to continued supply chain disruptions.

Investors are running out of assets, and almost no asset class is spared. But in addition to this pessimistic overall picture, the crypto market is suffering from the underlying problem of certain projects, such as Stablecoin.

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