TRON's Justin Sun Shared Lessons Learned From UST Downfall
Why USDD? Decentralized stablecoins are hard. But despite the events of the past few weeks, we still believe in their potential. We came up with the idea for USDD after witnessing Terra’s dramatic ascent. At its peak, circulating UST supply eclipsed all decentralized competitors by almost 2x. On the surface, Terra appeared to have won the stablecoin war, but behind the curtain, UST was still at extreme risk. Despite the Luna Foundation Guard’s best efforts, a majority of UST’s collateral consist