Bitcoin (BTC) is the collateral asset of choice for the world‘s biggest decentralized stablecoin, and one of its top executives says there was no other.
Speaking to Bloomberg on Monday, Do Kwon, co-founder of Blockchain protocol Terra, pledged to continue buying BTC to back the firm‘s stablecoin, TerraUSD (UST).
Kwon: BTC buys will continue “in perpetuity”
Terra has made waves inside and outside the crypto community in recent weeks thanks to its massive Bitcoin buys.
Currently at just…
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