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Ust

UST’s Do Kwon was the mastermind of the failed stablecoin project called the Basis Cash, as per the learnings. The findings by Coindesk suggest that the CEO of Terraform Labs was one of

Terra Luna crashes 97%; was Do Kwon founder of another failed

Ex-Terra Employees Claim That Do Kwon Was Behind the Earlier

Do Kwon Explains His Role In Failed Stablecoin Basis Cash

Do Kwon Outed as Co-Founder of Previous Failed

Ex-Terra Employees Claim That Do Kwon Was Behind

Kwon Claims That One Of

UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex

Former employees of Terra are claiming that the developer was also the founder of another failed stablecoin project called Basis Cash, as reported by Coindesk.

Kwon claims that one of those five employees was inspired by Basis, an earlier stablecoin project that would give Basis Cash its name, and “yield farms” that were

Basis Cash: The failed algorithmic stablecoin Do Kwon