Friday, February 3

Tag: Coinage

Do Kwon Says, Terra Was Created To Be an Industry’s Standard, Built As A Stablecoin And Not To Scam People
Blockchain

Do Kwon Says, Terra Was Created To Be an Industry’s Standard, Built As A Stablecoin And Not To Scam People

The CEO and founder of Terraform Labs, Do Kwon has now admitted to his shortcomings in a recent sole interview.  Do Kwon’s personality was seriously put under pressure owing to the May Terra collapse and the algorithm stablecoin TerraUSD (UST). According to Kwon’s video interview with Coinage Media, hosted by Zach Guzman dubbed “inside Crypto’s Largest Collapse”. The short video interview was aired to prepare the people that have longed to see Do Kwon talking about the Terra collapse. https://twitter.com/zGuz/status/1558851374619803649 Do Kwon said that the Terra was not created to scam people but to be a stablecoin, although it failed to be stabled.  “…It was supposed to be a stablecoin but didn’t remain stable. It was started to become industry’s standard, I b...