Stablecoins have recently become one of the most talked-about topics. Most recently, WLFI launched the #USD1 stablecoin.

However, cryptocurrencies need a crypto-backed stablecoin. Binance founder CZ's message on this topic was very striking.

In response to the question directed at him, "We need crypto-backed stablecoins," CZ replied, "Do Kwon actually found the right idea but failed in implementation."

This tweet sent on 12.03.2023 is very striking. The UST project was actually a right project. Now, we have $LUNC and $USTC. When the Terra Classic chain is in the right hands, it will turn into an enormous ecosystem.

We value CZ's message. Will the Terra Classic blockchain come into the right hands after the lawsuits regarding LUNA/UST are concluded? Time will reveal everything...

#Binance @cz_binance #DoKwon #USTC #LUNC