CEO of Pintu Opens Voice of Investor Assets After Terra Luna Price Landslides

TEMPO.CO, Jakarta – In the midst of a downturn in one of the projects cryptocurrency Earth Moona crypto asset trading application, Pintu ensures that its investors’ assets, especially stablecoins, are kept safe.

The founder and CEO of Pintu Jeth Soetoyo said that the user’s assets in Pintu Earn are guaranteed to be safe and there will be no impact from UST or LUNA.

The Earn door offers a 15 percent reward bonus for users who hold the USDT and USDC stablecoins, pegged at a 1:1 ratio to the US dollar, in the Earn wallet. BusinessSaturday 14 May 2022.

Both stablecoins assets are backed by FIAT cash-reserves so that it is different from the UST mechanism which is not supported by cash reserves. Thus, the value of its assets tends to be fixed when compared to UST and LUNA which is falling.

Quoting The Verge, the value of Terra Luna was battered on May 9, 2022 when the price of stablecoin TerraUSD (UST) began to decline.

As of this writing, UST is trading at $0.1556, far down from the benchmark US$1. Meanwhile, Luna is now only worth $0.00017351, based on data coinmarketcap.com.

Then, what exactly is Luna, and how does it work?

Terra Luna is basically a type of token crypto- transactions in blockchain systems, digital storage technologies or data banks that use encryption (cryptography) features.

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