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This should be obvious but - The more carmakers go electric, Tesla wins Similarly, the more blockchains issue their own sovereign stablecoins, $UST wins The true moon will be found in helping as many communities become self sovereign as possible πŸŒ•πŸ™
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Idc what the big man says, I'm not clapping for Justin Sun's attempt at building a $UST lookalike stablecoin. Hilarious though that everyone's eyes are finally opening to $UST as the 800lb gorilla it is. He could have just bought $10b of $LUNA and been way better off.
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Legitimize it. How much can you FUD terra when there's 7 other algo stables? Also when there's more options people get to compare them. They don't have the reach UST does, no BTC backing, liquidity etc. More young/vulnerable algo stsbles makes UST look fantastic
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