Do Kwon Working on a New Stablecoin Plan ?

Do Kwon Working on a New Stablecoin Plan

Terra Research Forum member FatMan tweeted : Do Kwon is working on a design plan for a new decentralized stablecoin that will be built on the Terra 2 network.

[{"selector":"#anim-5a609c13-c84c-4323-b26c-fdb6e1fb2b36","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da9a0fec-ba3c-4e50-9c06-6245dc921013","keyframes":{"transform":["translate3d(0px, 127.59350%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

On May 28, FatMan stated that Terraform Labs’ synthetic asset protocol Mirror contract has a long-term loophole, and the loss may exceed 30 million US dollars within 7 months.

[{"selector":"#anim-ab44b9b6-9ce8-4890-944f-0708d1faaead","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6d7ef049-5664-4bc8-98e6-402d48bd28b7","keyframes":{"transform":["translate3d(0px, 127.59350%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]