https://techcrunch.com/2022/05/11/ust-founder-do-kwon-shares-plan-to-save-its-stablecoin-from-mass-destruction/

The past few days have been extremely volatile across the crypto economy, after one of the (what was supposed to be) largest stablecoins, TerraUSD (UST), depegged from its $1 value and fell as much as 70% to 29 cents earlier this morning.

Do Kwon, the founder of Terraform Labs (TFL) — the organization behind UST, cryptocurrency Terra (LUNA) and Luna Foundation Guard (LFG) — shared an update to the situation in a thread of tweets earlier this morning, in hopes of righting the ship.