Post
Topic
Board Altcoin Discussion
Re: Terra USD, proved its not a stablecoin
by
Psynthax
on 10/05/2022, 01:06:11 UTC
Terra was a scam project. Do known just emptied the bitcoin wallet as this used to back the UST. Remember that if UST unlike another stable token which fully pegged with dollar but UST was a bit different. This is algoritmic stable token that used different mechanism. That's why the price was dumping so hard. Do known has even sold some of his bitcoin to backed this stable token. It was so garbage as fuck.