Many wonder what's going to happen if $UST regains its one dollar parity with trust in the stablecoin so shaken.
. “Aside from destroying the value of LUNA, they used their bitcoin reserves to try to defend the peg, kind of like a flailing emerging market using its gold reserves to defend its FX.”
During the overnight trading sessions and into the trading sessions on Tuesday morning, UST has been recovering from the losses. So far, terrausd has managed to climb back to $0.934 per unit, or down 6% from the $1 parity. Terra’s co-founder Do Kwon has not tweeted since saying the ‘A-team’ was deploying capital, even though the co-founder is very well-known for defending his project. At the same time, LFG has also not updated the public since itsMark my words.
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