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As of writing, CoinMarketCap values TerraUST (the stablecoin) at $0.09. Needless to say, that 3B didn't do a damn thing. No amount of cash infusions are going t
by _fat_santa 4y ago
As of writing, CoinMarketCap values TerraUST (the stablecoin) at $0.09. Needless to say, that 3B didn't do a damn thing. No amount of cash infusions are going to save Terra, because the problem is trust.
- bushbaba 4y agoOr the problem is a bank run. They threw 3B to fix an issue with a bank having 40B+ in assets and seeing more than 3B of withdraws.
- NovemberWhiskey 4y agoA bank run is exactly a trust issue.
- koolba 4y ago> Needless to say, that 3B didn't do a damn thing. If it propped it up long enough for insiders to dump their positions it did it’s served it’s purpose.