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Seeking Alpha 2022-05-29 10:12:00

Hassan And Ali Finsplain The $50 Billion Rise And Fall Of Terra-Luna

What are we to make of the recent near-total wipeout of the stablecoin Terra and its companion coin Luna, in which around $50 billion of value vaporized in less than a week?Let’s contrast this to an asset like the common stock of General Motors, currently worth about $50 billion.Your evaluation of how much wealth was created and destroyed by the rise and fall of Terra and Luna will depend on where along this continuum these assets lie.

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