Terra to burn 1B UST from the community pool as holders vote for it
The proposal highlighted that the burn may help restore the UST dollar peg by burning the excess supply.
![image Cointelegraph](https://image.coinlive.com/24x24/cryptotwits-static/467d29fe79a2f9079d089e9a1863658f.jpeg)
The proposal highlighted that the burn may help restore the UST dollar peg by burning the excess supply.
Binance CEO Changpeng Zhao shared some crypto recommendations following the collapse of TerraForm Labs LUNA and UST Coins resulting in ...
Terra's CEO, Do Kwon, reappeared early Wednesday to present an emergency plan to save UST and LUNA. To protect against ...
As the crisis spread, more than 80% of Terra-related projects were lost. Meanwhile, Maker (DAI) got a boost as traders looked for other decentralized stablecoins.
Both Terra USD (UST) and LUNA have seen a real plunge in price and market cap since the massive sell-off that began in the Terra ecosystem.
UST has gained the trust of the DeFi community. It is a veritable decentralized stable currency that does not require a central management agency to ensure sufficient reserves to support prices. Stablecoins play an important role in DeFi through staking, liquidity management, and yield generation.
UST’s market capitalization soared, surpassing BUSD’s, but its trading volume is still only about one-fifth of BUSD’s.