Terra LUNA Do Kwon Crypto News

LUNA’s Do Kwon promises to rebuild UST (TerraUSD)

After a big failure to stabilize UST (TerraUSD) at $1, LUNA has crashed by almost 98% in a week. Terra founder, Do Kwon, admitted in a tweet thread that this started when UST lost its peg. After that this disaster could not have been avoided. He also informed that UST (TerraUSD) would now be backed with collateral.