Why a Crypto Called Maker Is Surging Higher as Terra Falls Apart
Cryptocurrency prices are falling hard across the board today, with Maker (CRYPTO: MKR) being a notable exception. At 11:15 a.m. ET, the price of Maker tokens was up a whopping 19% over the previous 24 hours. And it's likely because TerraUSD (CRYPTO: UST) and Terra's Luna tokens (CRYPTO: LUNA) are trending toward zero at the moment.
For context, a stablecoin is a cryptocurrency for which the price is supposed to always be equal to a government-issued currency -- most often the U.S. dollar. MakerDAO is the organization behind a stablecoin called Dai (CRYPTO: DAI). Terraform Labs is behind a stablecoin called TerraUSD.
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Source Fool.com
