Learn about Terra, a blockchain protocol focused on creating stablecoins for decentralized finance, aiming to enhance the usability of cryptocurrencies.
Terra
Learn about Terra, a blockchain protocol focused on creating stablecoins for decentralized finance, aiming to enhance the usability of cryptocurrencies.
South Korean news agency Yonhap reported that Do Kwon, who has been on the international wanted list on INTERPOL for several months now, maybe staying in Serbia.
On December 29, the Vader team informed users about the closure of the Vader Protocol US Dollar (USDV). This decision was due to the fact that the algorithmic stablecoin functioned as Terra, which is dangerous, and no effective restructuring methods were found.
On December 29, the Vader team informed users about the closure of the Vader Protocol US Dollar (USDV). This decision was due to the fact that the algorithmic stablecoin functioned as Terra, which is dangerous, and no effective restructuring methods were found.
South Korean news agency Yonhap reported that Do Kwon, who has been on the international wanted list on INTERPOL for several months now, maybe staying in Serbia.
This year was an eventful year in the world of crypto. In particular, the collapsed Terra and FTX crisis affected the entire crypto market, and again attracted the attention of regulators to crypto and stablecoins. Stablecoins are valued for their technological features, while, at the same time, maintaining a stable
According to the Korean Broadcasting System (KBS), the South Korean prosecutor's office has received evidence of price manipulation of the collapsed stablecoin by Do Kwon. Against the background of these events, Kwon appears live on Twitch.
As we wrote earlier, the creator of Terra, Do Kwon, was put on the international wanted list by Interpol thanks to the South Korean authorities. Also, by order of the Ministry of Foreign Affairs of South Korea, Kwon had to hand over his Korean passport.
Recently it became known that
Despite Do Kwon's problems with the law, users believe in LUNC, increasing its cost. The belief in a bright future is also reinforced by Binance, which burns tokens.
According to Bloomberg sources, the House of Representatives is actively developing a law aimed at a two-year ban on algorithmic stablecoins like TerraUSD. In the text of the law, the term "endogenously collateralized stablecoins" was introduced for such coins.
