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If not, then its Terra Selling to pump thier ust. At least Terra company is being transparent enough and sincere about its plans on bitcoin. So its what we should expect if ust is not in same level as usdt.
Yes, terra was pumping its UST used bitcoin from the treasury/LFG. It seems like some bitcoins have been moving to the new wallet but this company has sold more than 500 millions USD worth of bitcoin to the market but the problem is selling in a loss was a disaster to this company. That's why terra wants to issue another 1.5 billions loan to make the UST stable. The idea by backing the stable asset with unstable asset was a very bad idea. This idea needs to be restructured again.
Agreed. Maybe if they had chosen an additional asset or two with low correlation that could rebalance... Paxg, for example, comes to mind. might not be enough on its own but if there were a few of those assets mixed in, it might be enough to offset the volatility ...
