The past few days have been extremely volatile across the crypto economy, after one of the (what was supposed to be) largest stablecoins, TerraUSD (UST), depegged from its $1 value and fell as much as 70% to 29 cents earlier this morning.
Do Kwon, the founder of Terraform Labs (TFL) — the organization behind UST, cryptocurrency Terra (LUNA) and Luna Foundation Guard (LFG) — shared an update to the situation in a thread of tweets earlier this morning, in hopes of righting the ship.
“I understand the last 72 hours have been extremely tough on all of you — know that I am resolved to w
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UST founder Do Kwon shares plan to save its stablecoin from mass destruction
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