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Podcast: The Peter McCormack Show
Episode: Why Terra Luna Collapsed with Jonathan Wu - WBD508
Description: Jonathan Wu is head of growth at Aztec network. In this interview, we pick over what happened when the stablecoin UST crashed, how it linked to the Terra blockchain and Luna governance token, the issues with recursive lending, and the need for financial disclosure in the industry. - - - - Stablecoins have provided financial sovereignty for millions who have been failed by their financial institutions and want predictable value in a currency. So, the failure of a stablecoin that had been financially backed by some of the biggest investors in DeFi has been particularly...