Crypto-Follow logo Crypto-Follow logo
The Coin Rise 2022-04-01 11:02:14

Terraform Labs CEO admits a negative impact on the stability of UST if Bitcoin crashes

Amid the regulators around the world displaying concerns about the situation of stablecoins, Do Kwon, the CEO of the company behind Terra (LUNA), Terraform Labs, admits that if the value of Bitcoin crashes, that would “negatively” impact the stability of UST stablecoin. However, he went on to express his hope that BTC would go up. Notably, Terraform […]The post Terraform Labs CEO admits a negative impact on the stability of UST if Bitcoin crashes appeared first on Blockchain, Crypto and Stock News.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer