Terra’s coins were meant to be the future money. They relied on their confidence, which can disappear in an instant.
Market rout causes trading to halt in collapsing cryptocurrency networks
After a massive sell-off, Terra’s so-called “stablecoin” Terra’s value plummets
Why cryptocurrencies crashed – what happens next
Terra Luna caused the meltdown, but all cryptocurrency has been erased now that $300 billion has been spent