zlacker

>>mkeete+(OP)
TerraUSD Price (UST) $0.05468

So, 95% of the value is gone.

Can anyone explain how the fork, airdrop, and other gyrations the Terra/USD promoter is proposing will work, and where any actual money comes from?

>>Animat+z8
Terraform has $3B (ish, stores as Bitcoin) that they could use to try to buy back faith in their coin.

Problem is, best they can do is reboot with a Bitcoin-collateralized coin. The whole Terra/Luna/Anchor "algorithmic stablecoin" had been exposed as a fraud or a fantasy, so such smaller fraction of suckers and scammers will buy in to that again, and everyone else might buy in to a Bitcoin backed stablecoin, but there's not much profit in that for Terraform, and the users have no reason to choose it over a more reliably backed coin like Tether or USDC or DAI.

>>lupire+A9
> Terraform has $3B (ish, stores as Bitcoin) that they could use to try to buy back faith in their coin.

Had. It's gone.

>>Tao332+6a
What happened? Last I heard they transferred it to gemini but people weren't sure whether they actually sold it or not.