Do Kwon’s Proposed Terra ‘Revival’ Puts UST, LUNA Holders in Charge

'Revolution' Promised by Tron's Justin Sun Looks Like Clone of Terra's Algorithmic Stablecoin

The plan comes as Terra’s terraUSD (UST) stablecoin, which is supposed to be pegged to the price of $1, “death spiraled” below 15 cents this week – wiping out over $30 billion in value. UST’s sister token, LUNA, which propped up the stablecoin’s value, has fallen to below a penny (LUNA was worth above $80 just a week ago).

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