Stablecoin UST lost its peg to USD
The stablecoin exchange rate from Luna Foundation UST ceased to correspond to 1:1 dollar fell to $0.9. In some periods, the price reached up to $0.64N. Luna Foundation has repeatedly bought BTC to increase the stability of the decentralized stablecoin TerraUSD (UST).
Due to the fall in the price of UST, the fund decided to use the accumulated BTC to buy back its stablecoin. Also, Binance has disabled LUNA and UST withdrawals due to too much pending transactions.