The post More Than 48 Terra Projects Migrated To Polygon Since May’s UST Depegging appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The Terra (LUNA) crash was one of the decisive moments for the whole crypto space where the stability of stablecoins and the whole crypto market were questioned. In just one week, the crash washed-out $40 billion of investor’s money.
However, very soon after the Terra crackdown, Polygon found an opportunity and approached Terra for help.
Polygon CEO, Ryan Watt asserted that they are working with many Terra projects to support Terra in a successful migration to Polygon. Ryan also said that Polygon will pledge capital and resources against these migrations to get developers and their respective communities to Polygon.