USD is still the King of Currencies, so it makes sense to have stablecoins pegged to it. Other major currencies have corresponding stablecoins. Then there are stablecoins pegged to physical commodities such as PAXG (gold).
UST is TerraUSD, the stablecoin pegged to USD on the Terra (LUNA) network. This network also has a wide range of stablecoins for other fiat currencies. I wonder how the UST situation is affecting those Terra stablecoins.
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I don't think there are any other Terra Stablecoins because it wouldn't make sense but I could be wrong.
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With nearly 200 fiat currencies floating around, there wouldn't be 200 Terra-based stablecoins, but there are enough to cover the top 10 to top 20 fiat currencies in ForEx, especially regionally.
With the recent slump in BTC, XRP and Stellar are getting clobbered as well. While not stablecoins, these two may get a second look as payments coins or as alternatives for services such as Western Union money transfer.
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I guess it could but I think those pools have huge IL as a people scramble to toss UST into other stablecoins to save whatever they can.
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