Just as the outside view skeptics predicted, during a large market move a stablecoin blew out. Just not the stablecoin they predicted.
Which was predictable, if you knew the details.
This isn't a comment about good vs bad--it's about how important it is to know the details!
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So it didn't get as much attention as other stuff in the interview.
But I actually asked @SBF_FTX about this whole $LUNA / $UST situation a couple weeks ago.
His answer: "You know how this plays out."
From the transcript:
bloomberg.com/news/articles/
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There is a rumor spreading about Jump, Alameda, etc. providing another $2B to “bail out” UST. Whether this rumor is true or not, it makes perfect sense for them to spread. The biggest question here is, even if they can get it to $1 by some miracle, the trust is irreversibly gone
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