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

04/05/2022

Less than a minute

2022.04.05 14:21

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).

04/05/2022

Less than a minute

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