Measures

Terra outlines stablecoin support measures as Luna slides below 10 cents

Terra outlines stablecoin support measures as Luna slides below 10 cents

Terraform Labs published extra measures on Thursday to help restore the TerraUSD (UST) peg with the US dollar and support Luna’s cratering price. Chief among them is proposal 1164, as Terraform Labs CEO Do Kwon highlighted yesterday. This is designed to increase the amount of UST that can be swapped for Luna by four times. …

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