Cryptocurrency News

Biggest future BTC whale explains why Bitcoin was chosen for ‘decentralized Forex reserve’

2022.04.05 14:21

Biggest future BTC whale explains why Bitcoin was chosen for 'decentralized Forex reserve'
Biggest future BTC whale explains why Bitcoin was chosen for ‘decentralized Forex reserve’

Bitcoin (BTC) is the collateral asset of choice for the world’s biggest decentralized stablecoin, and one of its top executives says there was no other.

Speaking to Bloomberg on April 4, Do Kwon, co-founder of Blockchain protocol Terra, pledged to continue buying BTC to back the firm’s stablecoin, TerraUSD (UST).

Source

Related Articles

Leave a Reply

Back to top button