Crypto Risks Still Loom Large One Year After Terra

In this edition of the Bloomberg Crypto newsletter, Michael P. Regan reflects on the unlearned lessons from the Terra implosion, one year later:

A year ago this week, the TerraUSD stablecoin lost its peg to the dollar and kept sliding, ultimately meeting its demise in a death spiral that no amount of effort — or tweeting — by its co-founder Do Kwon could halt.