# @restofworld on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CeGLqU0P4mE
- **Gondola URL:** https://gondola.cc/posts/78899746-restofworld-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/adf2ef7f38.jpg
- **Posted:** 2022-05-28T09:24:38.000+00:00
- **Account Owner:** Rest of World (@restofworld) — https://gondola.cc/restofworld

## Caption

Nervous about Argentina's 50% inflation rate, one Argentine woman put her entire savings into the crypto "stablecoin" TerraUSD, which was supposed to be pegged 1-to-1 with the U.S. dollar. After the crash, it’s now worth $.08. "I feel sickened and helpless."⁠
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While crypto has a reputation for volatility, stablecoins presented a promise of security, making them an attractive tool for savings for people in countries with unstable currencies, such as Argentina, Iran, and Nigeria. The Terra crash shattered that illusion and left them with nothing. ⁠
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Click the link in our bio to read the full story. Photo by Anita Pouchard Serra/Bloomberg/Getty Images.⁠
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#cyrpto #cryptocrash #argentina #terra #stablecoin #terrausd #iran #nigeria #terracrash

## Stats

- **Views:** 0
- **Likes:** 14
- **Shares:** 0
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## Credits

No public credits are recorded here. This does not identify who made the post.

## Tags

terra, terracrash, terrausd, argentina, cryptocrash, cyrpto, stablecoin, iran, nigeria

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