Those victims are understandably interested in plans to rebuild Terra, and, one hopes, to regain the value of the effectively worthless tokens they are left holding. Kwon’s blockchain was built around a stablecoin, UST, and a related free-floating cryptocurrency, LUNA, meant to keep the stablecoin algorithmically pegged at $1. www.coindesk.com
Those victims are understandably interested in plans to rebuild Terra, and, one hopes, to regain the value of the effectively worthless tokens they are left holding. Kwon’s blockchain was built around a stablecoin, UST, and a related free-floating cryptocurrency, LUNA, meant to keep the stablecoin algorithmically pegged at $1.
www.coindesk.com