That sounds like fun. If the price stays lower than that level, I wonder will they get sued for losses beyond that point?
So from what I can tell they removed those constraints earlier today, and after a brief attempt to prop the peg back up somehow, which saw it hit $0.95, the UST price has been back down between $0.3 and $0.5.
I don't imagine that anyone will find themselves sued successfully...
By some reports, Binance has set a floor price on trades at $0.70, so people cannot sell lower. It has also suspended withdrawals. So this 'holding' may be influenced by one of the largest exchanges effectively halting trading.