Do Kwon Is Confident in Rebuilding Terra Blockchain #Kwon #Confident #Rebuilding #Terra #Blockchain Welcome to TmZ Blog, here is the new story we have for you today:
Do Kwon Is Confident in Rebuilding Terra Blockchain
Speaking in a Wednesday interview with The Wall Street Journal, Do Kwon said:
“I have great confidence in our ability to build back even stronger than we once were.”
The Terra network was performing excellently until the 7th of May, when UST fell to $0.35. Meanwhile, the stablecoin was meant to maintain its $1 peg. Luna joined the losing side a few days after the crash, falling from $80 to a few cents on the 12th of May. The implosion is such a historic one in the crypto industry, and many investors are still counting losses. The incident also set the pace further for continued losses across other crypto assets, including the top digital asset, BTC.