Cryptocurrency News
Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’
2022.05.20 22:16
Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’
Tether (USDT) and Bitfinex chief technology officer Paolo Ardoino said that the Terra (LUNA) project was not intended to be a rug pull, but was simply “poorly designed.”
Speaking on the Terra ecosystem’s market-shattering crash, Ardoino likened its algorithmic stablecoin TerraUSD (UST) to a “castle of cards” that was due to fall at any time.
