• Written by: Vignesh Karunanidhi
  • Fri, 20 May 2022
  •   Estonia

Tether (USDT) and Bitfinex chief technology officer Paolo Ardoino claimed the Terra (LUNA) initiative was “poorly designed” and not intended to be a rug pull. Ardoino compared its algorithmic stablecoin TerraUSD (UST) to a “castle of cards” that could collapse at any time in response to the Terra ecosystem’s market-shattering disaster. Many in the crypto […]

Tether CTO Says That “Terra Wasn’t a Rug Pull, Rather It Was Poorly Designed”