South Korea Requests Red Notice From Interpol For Terra Co-Founder

TheStreet published this video item, entitled “South Korea Requests Red Notice From Interpol For Terra Co-Founder” – below is their description.

South Korea has reportedly asked Interpol to issue a red notice on Terra co-founder Do Kwon. However, Do Kwon has claimed on Twitter that he’s not on the run.

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South Korea, an East Asian nation on the southern half of the Korean Peninsula, shares one of the world’s most heavily militarized borders with North Korea. It’s equally known for its green, hilly countryside dotted with cherry trees and centuries-old Buddhist temples, plus its coastal fishing villages, sub-tropical islands and high-tech cities such as Seoul, the capital.

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Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.

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