We’re in a bear market which is worse than a correction. LUNA and Bitcoin are incomparable. LUNA supported UST, an algorithmic stablecoin. Two completely different things. I’m not saying Luna will go back, nor should anyone ever trust that team or project again.
Fair point. I’m using the more strict term of liquidation though: www.investopedia.com/terms/l/liquidate.asp Not liquidation via margin call. But I absolutely see your point here.
I never got interested in stable coins b/c I knew it will one day cross path with the government. I think it is now happening. The government will do everything to keep the dollar dominance. I am afraid technology in the stable coin sector will suffer, at least for now.
It will suffer, because they will be releasing their own digital currencies, so to have 3-4 different types of digital dollar will be an issue, unless they just keep USDC (in the case of dollar), which I doubt
