Terra (LUNA) founder Do Kwon's plan to partly back the stablecoin UST with bitcoin (BTC) is causing both excitement and concern in the community, with some fearing what could happen to the bitcoin market if Terra faces problems with trust or liquidity. The plan to back UST with BTC has been spearheaded by Terra's Do Kwon, who on Twitter claimed that the stablecoin protocol could eventually have a bitcoin stack worth as much as USD 10bn or more....
Terra (LUNA) founder Do Kwon's plan to partly back the stablecoin UST with bitcoin (BTC) is causing both excitement and concern in the community, with some fearing what could happen to the bitcoin market if Terra faces problems with trust or liquidity. The plan to back UST with BTC has been spearheaded by Terra's Do Kwon, who on Twitter claimed that the stablecoin protocol could eventually have a bitcoin stack worth as much as USD 10bn or more....
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