My guess is these were exchange IOUs or "commercial paper" and no USD was involved in this burn. I can't really see a scenario where they aren't fucked, and it

My guess is these were exchange IOUs or "commercial paper" and no USD was involved in this burn. I can't really see a scenario where they aren't fucked, and it's going to make Terra look like a blip whenever it plays out. Unsure whether it'll be regulation or a rush to redemption but it really can't be that far out.