Cryptocurrency News

Terra founder reveals what will happen to UST if Bitcoin price crashes

04/01/2022

Less than a minute

2022.04.01 09:01

Terra founder reveals what will happen to UST if Bitcoin price crashes

Terraform Labs CEO Do Kwon has conceded that a crash in the price of Bitcoin would be “negative” for the stability of the UST stablecoin, but that he expects Bitcoin to go up.

Terraform Labs is the entity behind the Terra (LUNA) blockchain platform which plans on buying a total of $3 billion in Bitcoin as a reserve for the UST stablecoin.

04/01/2022

Less than a minute

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