Post
Topic
Board Altcoin Discussion
Re: is it possible UST recovered ?
by
Sayeds56
on 01/06/2022, 07:30:07 UTC
is it possible UST recovered ?

Not at all. There is not even remote possibility of its recovery because Luna foundation has lost confidence of investors which is very important for any business to keep running. UST was based on algorithmic based mechanism which failed to work and  ultimately collapsed becuase it was not backed by Fiat currency.The lesson we learned from this crash is that any stable coin which is not fully supported by Fiat dollars of Euros is vulnerable to crash like UST.