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RE: Terra UST spectacular crash: UST debt vs HBD debt. Could the same happen to HIVE and Hive Dollar?

in LeoFinance2 years ago

So Look, SPT is a Layer2 Token without a stablecoin and Luna is a layer1 Coin that has a stablecoin. Those are not even in the same zoo anymore. One is a Giraffe and the other one a Lego Cat.

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So you answered your own question lol. who is more likely to stand on their feet in the event of a loss of some trust?

Posted Using LeoFinance Beta

I don't really understand the question. But right now, Luna just dropped another 3x since we wrote. The total Market Cap is now ~330M and the potential sell pressure from USDT going into Luna is likely to still be in the billions.

This indicator has been holding for a long time. there was only a small surge to 0.1 and fell again, what I saw.

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