he calls himself the master of stablecoins and else what's going on right now. very, very far from what he said. UST is a stablecoin shit, the price is very worrying 0.3$, worse than the tether crash in the past. this proves that algorithmic stablecoins are a failure. how can a stablecoin be backed by something unstable.
ust pegged algorithm not working now and luna or Ust become shitcoin which is make alot investors suffer huge loss now. we dont know what's going to luna and developers team but the certain thing is they failed build stable coin. moreover i read in twitter ,LUNA CEO was team from stable coin project that failed. maybe no more trust to DO Kwon and Luna team since this accident happen. Luna from hero to zero , from top 100 coinmarket become shit coin. History will note this as most dramatical dump.
