Do Kwon Proposes Restart of Terra Blockchain as UST, LUNA Plummet

Do Kwon Proposes Restart of Terra Blockchain as UST, LUNA Plummet

The plan comes as Terra’s terraUSD (UST) stablecoin, which is supposed to be pegged to the price of $1, “death spiraled” below 15 cents this week – wiping out over $30 billion in value. UST’s sister token, LUNA, which propped up the stablecoin’s value, has fallen to below a penny (LUNA was worth above $80 just a week ago).

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*