Tag: Luna 2.0

‘End of algo stablecoins’: Tether co-founder on Luna-Terra fiasco

‘End of algo stablecoins’: Tether co-founder on Luna-Terra fiasco

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Luna-Terra fiasco has raised several questions about the future of algorithmically designed stablecoins. The Terra-Luna crash could be the end of the algo stablecoins, according to Tether cofounder Reeve Collins. There are three types of stablecoins: crypto-backed, where the token is collateralised by cryptocurrencies; fiat-backed, in which the token is pegged to either USD or […]

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‘End of algo stablecoins’: Tether co-founder on Luna-Terra fiasco

Do Kwon returns with Terra 2.0, but it is already crashing

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Do Kwon, CEO and co-founder of Terraform Labs’ grand revival plan to salvage the Terra ecosystem from its current stage has failed. On Saturday, Kwon launched Luna 2.0, the revamped version of the Luna coin. The company CEO believes that validating all invalid blocks as well as transactions on the blockchain network will make the […]

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