Terra chooses AVAX over ETH, BNB, and SOL to back UST

It seems the crypto industry has learned its lesson about backing stablecoins with fiat – or with rumors of fiat. At least, Terra has understood the assignment and is far from going down the same route, as its non-profit organization buys Bitcoin in order to back the TerraUSD [UST] stablecoin. But now, the Luna Foundation […]