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@jk6276
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Problem was that the Cosmos needed a stable coin, and LUNA/UST added IBC connections just at the right time. Apart from a small project with a Euro pegged coin (called NGM and EEURO), bridges from Eth were not in place yet so UST fit in easily.

Sadly, that burned many. Lots on Osmosis, and lots on Crescent, and lots on Junoswap.

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