Terra Luna was designed in a way that made this crash inevitable, algo stablecoin, no dollar reserve, 19.5% interest on UST, the crash in stocks and crypto market triggered the Luna crash so to speak, which was forced to liquidate its BTC reserves, further tanking the Bitcoin and the crypto market. Stablecoins are a risk not just for LUNA or HIVE but for the entire crypto market, if they become too big and have no or insufficient reserves.
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