CRYPTOCURRENCY LUNA NOW ALMOST WORTHLESS AFTER CONTROVERSIAL STABLECOIN IT IS LINKED TO LOSES PEG

Cryptocurrency luna now almost worthless after controversial stablecoin it is linked to loses peg. TerraUSD, or UST, has been dragged into the spotlight in the last few days after the so-called stablecoin, which is supposed to be pegged one-to-one with the U.S. dollar, fell sharply below the $1 mark. Luna's price has plunged from around $85 a week ago to around 3 cents on Thursday, making the cryptocurrency almost worthless.
More Coverage on CNBC