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Stablecoin News

SEC sues Terra founder Do Kwon

SEC sues Terra founder Do Kwon

The U.S. Securities and Exchange Commission (SEC) accuses Do Kwon and Terraform Labs of fraud and unregistered securities trading.

Stablecoins are cryptocurrencies designed to maintain a stable value.

Stablecoins are usually pegged to a fiat currency such as the U.S. dollar or the euro. They are often used to move value quickly, trade, or temporarily step out of volatility.