UST has a 59 million USD in reserves, which is held by LFG (Luna Foundation Guard). Link to real time view here: https://datastudio.google.com/reporting/b31cc9e5-c54c-4418-a6ce-b332c57e82e9/page/4YBqC?s=or-T7NeGLew

UST mcap is currently 1.9bn USD : https://www.coingecko.com/en/coins/terra-usd

LUNA mcap is 400 million initially LUNA was minted 6.5 trillion more to try to peg UST to 1 USD. It failed and minting has been stopped. Here total circulation supply of LUNA, it has remain same since late yesterday: https://fcd.terra.dev/v1/circulatingsupply/luna

So UST is not getting support from minting more LUNA anymore and even if it would that would not safe UST coz there is 2bn UST and LUNA mcap is only 400 million with current price.

So if 59 million USD worth reserves is all there is that is backing the value of UST , shouldn’t the next targets for UST be 0.01, 0.001, 0.0001 anc so on?

This is just an idea and my reasearch and math may be wrong. So do your own research and let me know in comments what you think of this idea.

Its sad but I think UST is really worth max 70 million MCAP which is quite a drastic drop in its price.