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Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy

UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days

Relatively Unknown Protocols Push TVL in Defi Above the $200 Billion Range