Revealed: Terra's UST Peg Was Maintained Artificially, Not By Algorithm?

Terra’s indigenous stablecoin, the TerraUSD (UST), was once touted to be an engineering marvel in the blockchain sector. With its unique, dual token system–it behaved like any other stablecoin which tracked the price of the U.S. dollar–but without any actual cash held in a reserve to back it. However, recent revelations tell a different story altogether.