Terra USD

It is reported that the US Department of Justice launched an investigation into the collapse of the stable currency Terra USD under the name of Do Kwon, founder of Terraform Labs. The FBI and New York officials have questioned the former Terra members. The US Department of Justice launched an investigation into the collapse of Terra USD Analysis based on this information:Recently, reports surfaced stating that the US Department of Justice has launched an investigation into the collapse of Terra USD, a stable currency backed by blockchain, under the name of Do Kwon, the founder of Terraform Labs. Along with the FBI and New York officials, former Terra members are being questioned about the situation. Terra USD is a digital currency that was designed to maintain a steady value using various algorithms and mechanisms. It is said to be a stable coin, meaning that it is supposed to have minimum fluctuations and maintain a fixed value. However, this was not…