UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say - CoinDesk

Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.

Do Kwon, the CEO of Terra creator Terraform Labs, was one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash, CoinDesk has learned. Basis Cash (BAC) was a closely wa… [+6488 chars]

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