# Is the "TeraUSD" stablecoin a solid Ponzi scheme?

By [contentAntelope0](https://paragraph.com/@contentantelope0) · 2022-04-29

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The co-founder of MakerDAO, Terra USD (UST), Magic Internet Money (MIM), etc. raises initial funds using Ponzi (a high-yield dividend as bait, and when the repayment deadline arrives, borrows new funds from a third party) He claimed to have an investment fraud structure).

On the 4th (local time), Rune Christensen, co-founder of MakerDAO, a dollar-linked DAI stablecoin protocol…

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*Originally published on [contentAntelope0](https://paragraph.com/@contentantelope0/is-the-terausd-stablecoin-a-solid-ponzi-scheme)*