Strive Vice President: There is a fundamental difference between Strategy's STRC and the Luna/UST model

BlockBeats News, June 25th, Vice President of Strive Joe Burnett stated in a post that before the TerraUSD collapse, there were approximately $18.7 billion UST in circulation, backed by only around $3.1 billion in Bitcoin reserves, with UST supporting instant redemption. Currently, the Strategy holds around $51.5 billion in Bitcoin, corresponding to a circulating supply of around $10.5 billion STRC, and STRC is not an instantly redeemable asset. He emphasized that the two have significant differences in collateral structure, asset coverage ratio, and redemption mechanism, and are "obviously completely different models."