Circle CEO: Design principle of LUNA is like a house of cards

05/13 14:49

Circle CEO Jeremy Allaire said in an interview with the CNBC financial program Squawk Box that LUNA is designed as a system to stimulate incentives. The so-called algorithmic stablecoin is actually a subsidy. People buy LUNA to create the so-called stablecoin and then earn 20% of the income. Any sane person can see that the structure resembles a house of cards.
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