.CNBCMakeIt explains the risks associated with $LUNA token Terra
First of all, Terra's stablecoin UST should keep its 1:1 peg to the price of U.S. Dollar. As LUNA tokens are utilized in UST mechanisms, the performance of the two assets can affect each other.
Then, regulatory issues with stablecoins should also be considered by potential investors. CNBC's speaker recalled that Terra's company, Terraform, is now being investigated by the U.S. Securities and Exchange Commission. The watchdog's investigation is related to Terraform's Mirror Protocol, which is a platform for synthetic assets. The SEC filed an action against Terraform to know whether it is selling unregistered securities.As covered by U.Today previously, Terra and its token, LUNA, are in the spotlight in Q4, 2021. Recently, LUNA smashed the $100 mark and exploded onto the top 10 assets by market cap.
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