Crypto Exchange Binance Suspends Withdrawal of Terra (LUNA) and UST Stablecoins

The UST stablecoin de-peg with the U.S. Dollar has created a storm on Satoshi Street. Earlier today, the UST price dropped to a low of $0.60 de-pegging by a staggering 40% from the Dollar. This has resulted in massive liquidations of UST as well Traa’s native cryptocurrency $LUNA.