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News

Do Kwon May Have Plans for a New Stablecoin Based on Terra 2

According to an insider close to Terraform Labs (TFL), Do Kwon is working on a design plan for a new decentralized stablecoin that will be built on the Terra 2 network, Terra Research Forum member FatMan tweeted.

According to previous news, 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.

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