The utility of both UST and LUNA was minimal at best. That was the main problem from the beginning.
As for the US market, to me it is risk on/risk off. We are in the latter right now. By the end of the year, I am going to position myself for the flip to risk on.
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i gotcha. Yeah I've avoided any stablecoins other than HBD, and I chose HBD because it isn't totally controlled by BlackRock coughUSDCcough or Paxos coughBUSDcough
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