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

Question

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?

#blockchain #cryptocurrency #english #luna

0

30.01.2022

7 ответов

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👋 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?

0

30.01.2022

Rose🌹 | cosmosrescue

👋
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

0

30.01.2022

👋 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.

0

30.01.2022