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Terra implosion could shape UK stablecoin regulations

In April the UK chancellor announced plans to recognize stablecoins. Terra’s recent collapse will give regulators food for thought.

South Koreans are particularly angry at Do Kwon and Terra

South Koreans are leading the charge in taking legal action against Do Kwon and Terra, citing heavy investor losses and potential fraud.

A press release stated asset manager GAM Holding could be injecting $3 billion into failing stablecoin Terra (UST) — turns out, it’s fake.

The stablecoin’s recent crash has wiped $17.5 billion from the raft of projects banking on its success.

Billionaire investor Mark Cuban was down bad after getting caught in a DeFi ‘bank run’ last year — but he made it all back with KlimaDAO.