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I often read: if UST (10 billion USD market cap)

is not pegged by the same amount of LUNA. The whole project will crash.

Ok, maybe it’s not, but can somebody please and honestly explain (no bullish hype talking)… what will happen if LUNA market cap goes below the market cap of UST.

Then, what is the reserve of UST?

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Market cap doesn't mean anything. And Terra is buying bitcoin reserves too.

👋- Автор вопроса
Rose🌹 | cosmosrescue
Market cap doesn't mean anything. And Terra is buy...

Thanks for your reply. But can you please explain what will happen if LUNA market cap goes below the market cap of UST. What is the reserve of UST? Does UST need a reserve or not?

👋
Thanks for your reply. But can you please explain...

Literally nothing happens. Luna is burned or minted if UST is off the peg. Nothing to do with market cap

👋- Автор вопроса
Rose🌹 | cosmosrescue
Market cap doesn't mean anything. And Terra is buy...

And where can I check the amount of Bitcoin reserves that (according to you) protect UST stablecoin.

👋
And where can I check the amount of Bitcoin reserv...

It has not been announced yet but Do Kwon joked about 1 billion not being it https://twitter.com/stablekwon/status/1481232693283418113

👋- Автор вопроса
👋
Thanks for your reply. But can you please explain...

luna mcap went below mcap of ust on May 24th , 2021. and then.. nothing happened

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