The founder of the Terra pyramid was suspected of creating another stablecoin

The fork version of the original Terra blockchain may receive another stablecoin, a project insider under the nickname FatMan said on Twitter.

According to him, an insider close to Terraform Labs confirmed that K. Kwon is already working on the design of a new stablecoin based on Terra 2.0. Earlier, Kwon publicly stated that the algorithmic stablecoin would not appear in the fork.

6 / The Terra chain as it currently exists should be forked into a new chain without algorithmic stablecoins called «Terra» (token Luna – $ LUNA), and the old chain be called «Terra Classic» (token Luna Classic – $ LUNC). Both chains will coexist.

At the time of writing, Terra’s representatives did not refute these rumors. However, even if this happens, the credibility of Kwon and his team has been seriously undermined by the lawsuit and the testimony of employees who confirmed that Kwon knew about the impending collapse of the stablecoin from the beginning.

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