September 29, 2022

Terra’s Do Kwon Shares Plans To Restore Network

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Terraform Labs founder Do Kwon tried to bring hope back to investors in his community by unveiling a plan to restore the stability of TerraUSD (UST), a network-based stablecoin.

The head of the company, Do Kwon, made a statement in which he announced the start of work to restore the platform. The main goal for the stabilization of the project, the founder outlined the correction of the mechanism for providing the reserve fund with financial assets, as well as an increase in its volume from 50 million SDR (Special Drawing Rights – a digital analogue of a means of payment) to 100 million.

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