According to a recent investigation by CoinDesk, Kwon was one of the pseudonymous cofounders behind Basis Cash, a failed attempt to revive an early algorithmic stablecoin project known as Basis ...

Ampleforth is another algorithmic stablecoin that adjusts user balances daily based on market conditions. Frax Frax employs a hybrid model, combining algorithmic mechanisms with partial ...

There's another type of stablecoin that doesn't have any collateral. Instead, it uses automated algorithms to try to create or decrease supply and hold a steady price. However, these algorithmic ...

Disgraced Terraform Labs co-founder Do Kwon will reportedly face trial in the US early next year. Bloomberg reports that New ...

Before Binance made the clarification, many crypto commentators were quick to draw parallels to Do Kwon’s now-defunct algorithmic stablecoin, which also once promised a 20% yield. “How ...

Whether a stablecoin is backed by fiat money, crypto, or a commodity, funds are added to the reserves as coins are minted. The exception is an algorithmic stablecoin since it relies on algorithms ...

TerraUSD (UST) is an algorithmic stablecoin issued and backed through the Terra (LUNA) ecosystem. That means that instead of the stablecoin being backed by holdings of U.S. dollars, UST maintains ...

TRON Gears Up for Rivalry Domination as Justin Sun Teases Update that may impact its stablecoin dominance in the long term ...