[JellyYelly]

> does this explosion impact the broader crypto marker particularly?

Yes, if a lot of btc is bought in this stable coin, and the stable coin is printed, to buy btc in order to pump up the btc price then if that stable coin loses its peg, it cannot be used to pump btc anymore. When Tether finally dies it'll take down btc and the whole industry with it

[londons_explore]

This particular crash doesn't seem to have impacted btc prices though.

Although BTC has been trending downwards with most of the rest of the financial markets this week.

[zydex]

It has definitely impacted the BTC price. A ton of BTC was quickly sold off in order to try and support UST.

[FabHK]

You're referring to Tether (USDT), which has indeed been suspected of being printed to prop up BTC. This is about TerraUSD (UST).