Rescuing Terra: Founder Do Kwon's revival plan 2.0 wins, launch on 27 May4 min read . Updated: 25 May 2022, 10:22 PM IST
- The Terra Ecosystem Revival Plan is deemed to be a new approach altogether especially the abandoning of stable coin TerraUSD or UST. That means they are creating a new Terra chain without the algorithmic stable coin.
A much-needed win for the Terra founder Do Kwon as his proposal bags approval to transform its Terra ecosystem with a new blockchain and this time it won't include stable coin algorithm. It is called Terra 2.0 and the new chain is scheduled to launch on May 27. Binance who also lost heft from the Terra sisters crash this month - has also announced working with the Terra team on the recovery plan.
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