> However, none of the underlying bonds have terms that allow for settlement in the local currency. > This is equivalent of a person going to bank to pay off t

> However, none of the underlying bonds have terms that allow for settlement in the local currency. > This is equivalent of a person going to bank to pay off their debt and bank refusing to take money so said person must declare bankrupcy. The bank wanted to be payed in BTC but you offered LUNA instead. Even if you had the Dolar amount in LUNA token, for your debt, who would swap theese for BTC?