As baseball enthusiasts flocked to National’s Park in Washington D.C for the Major League Baseball (MLB) opening day, the noticeable presence of Terra (LUNA) – the crypto ecosystem that collapsed in May 2022 – didn’t go unnoticed by attendees.
A Twitter user who attended The Washington Nationals’ home opener against the Atlanta Braves on March 30, shared an image of a Terra advertisement banner displaying the slogan “a decentralized economy needs decentralized money.”
“Sounds like a solid company. Will check out” the user commented on the prominent placement of Terra at the stadium.
Sounds like a solid company. Will check out. pic.twitter.com/o3i9q2SnGA
— The D.C. Universe (@dcuniverse) March 30, 2023
Another Twitter user tweeted that the Terra Club “is still the Terra Club behind home plate at Nationals Park,” adding that Terra “also has a big sign in left center.”
The partnership between Terra and The Washington Nationals’ came into effect in February 2022, just months prior to the collapse of its native token LUNA, and stablecoin UST.
The Terra community committed $38.2 million in UST over five years to secure the deal.
The deal was proposed by Terra founder Do Kwon through the community’s governance platform – who is now currently in custody in Montenegro, and will reportedly face harsh conditions in the penal system, according to an unnamed criminal defense lawyer in a March 29 Protos report.
It was noted that the conditions at Montenegro’s jails and prisons “haven’t changed” from those reported in a 2020 human rights report by the United States State Department.
Related: ‘Wild’ — SEC going after Terra sparks responses from crypto lawyers
Cointelegraph reached out to the Washington Nationals’ for comment, but did not receive a response by the time time of publication.
Magazine: Unstablecoins: Depegging, bank runs and other risks loom