UST printer go brrrrrrrr. Pledge to buy $10 billion in Bitcoin has become the #29 largest Bitcoin wallet and has only bought $1 billion over the past week alone. Verified on blockchain
UST is not Tether, it is Terra. Do Kwon co-founder of Terra explains in podcast that first 3-4 billion will be added by LFG to bootstrap the reserve. After that it will increase from the minting of UST but a portion of it will still burn Luna and a portion of it will now purchase BTC. Podcast link: https://podcasts.apple.com/us/podcast/the-pomp-podcast/id1434060078?i=1000555093692
Bitcoin haters have been attacking Tether for years claiming the Bitcoin only goes up cus they print more tether. Now theres a new stablecoin backed by bitcoin or something? and they can't stop it. hahhaha UST printer go brrrrrrrrrr. Bitcoin to $100k soon
submitted by /u/hyperinflationUSA
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