Terra’s UST Stablecoin Creation Backed With LUNA, Caused The Disaster, Claims Tether CTO

The post Terra’s UST Stablecoin Creation Backed With LUNA, Caused The Disaster, Claims Tether CTO appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuidePaolo Ardoino, Tether (USDTchief )’s technical officer (CTO), has identified the Terra (LUNA) ecosystem as the primary cause of the coin’s fall. Ardoino pointed at the Terra developers’ decision to create the UST stablecoin and back it with bitcoin. He called this move a “recipe for disaster” during an interview on Kitco News dated June …