Terra was an algorithmic stablecoin (ie not really a stablecoin). It can't be compared to Tether. There were fundamental flaws with how Terra worked. A reducti

Terra was an algorithmic stablecoin (ie not really a stablecoin). It can't be compared to Tether. There were fundamental flaws with how Terra worked. A reductive way to describe it is, Terra was backed by Luna. Luna's price was determined by the market. Luna's supply was infinite. The price would go down if market demand didn't keep up with supply increases. Doomed from the beginning.