Published 2 years ago

TerraUSD developers vote to create new blockchain without failed stablecoin

Summary by Ground News

Developers behind failed stablecoin TerraUSD have voted to abandon the token. Developers will create a new Terra blockchain with a revived Luna token. Terra backers will distribute the new Luna token to Luna Classic and UST holders. Prior to its collapse on May 9, TerraUSD had a market cap of more than $18.5 billion.

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Reuters

TerraUSD developers vote to create new blockchain without failed stablecoin

By Hannah Lang - Developers behind failed stablecoin TerraUSD have voted to abandon the token in favor of creating a new blockchain and digital asset weeks after the cryptocurrency collapsed, according to a tweet from the Terra blockchain protocol. Unlike most other major stablecoins which are backed by other assets, TerraUSD's value was derived by complex algorithmic processes, linked

2 years ago·United Kingdom

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Channel News Asia

TerraUSD developers vote to create new blockchain without failed stablecoin

Developers behind failed stablecoin TerraUSD have voted to abandon the token in favor of creating a new blockchain and digital asset weeks after the cryptocurrency collapsed, according to a tweet from the Terra blockchain protocol. Unlike most other major stablecoins which are backed by other assets, Terr

2 years ago·Singapore

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Geeky News - A Business Technology News

TerraUSD developers voted to create a new blockchain without a failed stablecoin – News

A smartphone with the Terra logo is placed above the US dollars shown in this illustration taken on May 11, 2022. The illustration was made on May 11, 2022. REUTERS/Dado Ruvic/Illustration/Files Join and get FREE unlimited access to Reuters.com register May 25 (Reuters) - The developers of the failed TerraUSD stablecoin voted to abandon the

2 years ago

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TerraUSD developers vote to create new blockchain without failed stablecoin

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TerraUSD developers vote to create new blockchain without failed stablecoin

TerraUSD developers vote to create new blockchain without failed stablecoin

TerraUSD developers vote to create new blockchain without failed stablecoin

TerraUSD developers vote to create new blockchain without failed stablecoin

TerraUSD developers voted to create a new blockchain without a failed stablecoin – News

TerraUSD developers voted to create a new blockchain without a failed stablecoin – News

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