$UST is the only dollar pegged stablecoin that isn't exposed to this risk
Right now all of Defi is literally dependent on two centralised companies: Circle and Tether
Decentralised finance needs decentralised money
Stablecoin backed by fiat โ> centralised ( $USDC / $USDT/ $BUSD / $GUSD / $PAX / $TUSD etc). Stablecoin backed by stablecoin backed by fiat โ> centralised ( $DAI / $FRAX ). No decentralised economy without a decentralised stablecoin โ> $UST or bust
$LUNA starting relatively undervalued (from mcap/TVL perspective) โ> new launches to bring hype and TVL + more collateral types being supported โ> acceleration in $UST minting and adoption. $UST numba up = $LUNA ๐ฅ donโt miss this rally anon โ๏ธ๐ n/n