🚀 Tai Mo Shan, a Jump Crypto subsidiary, is paying $123M to the SEC for allegedly misleading investors about TerraUSD's stability. Looks like they took "stable" a bit too literally! 😅

TerraUSD, once a top stablecoin, collapsed in May 2022 after a whale-sized splash of $285M in UST. The coin lost its peg, and the market went from "HODL" to "Oh No!" faster than you can say "algorithmic stablecoin."

But hey, every cloud has a silver lining! The collapse led to regulatory changes like the Lummis-Gillibrand Stablecoin Act of 2024.

What's your take on the future of stablecoins? Drop your thoughts below! 💬