Just two months ago, Do Kwon, the founder of the Terra blockchain, tweeted to his followers that DAI, a five-year-old stablecoin, would succumb to the fast-rising growth of Terra's stablecoin, UST. {tweet} Fast forward to this week, and it's UST, not DAI, that needs a lifeline. The algorithmic stablecoin hosted by the Terra Network lost its dollar peg twice this week, falling to as low as 23 cents on Wednesday. As a stablecoin, the price of UST is supposed to keep a value of $1 at all times. Because of that price drop, DAI, which is built on the Ethereum blockchain, briefly surpassed UST as the biggest stablecoin by ... (full story)