Terraform Again Halts Blockchain Behind UST Stablecoin, Luna
- Halt comes as UST stablecoin and related token Luna go to zero
- Terra developers had earlier stopped and restarted blockchain
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The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day.
Terraform Labs said in a tweet from its verified Twitter account that validators, the entities responsible for verifying transactions on the blockchain, had taken the step to “come up with a plan to reconstitute” the Terra network.