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Terraform Labs develops a blockchain payment system built on a price-stable cryptocurrency and the stablecoin Luna.
Based in Seoul, South Korea and founded in 2018, Terraform Labs Pte. Ltd. was co-founded by Daniel Shin and Do Kwon. Its digital ledger and wallet use the stablecoin Luna and cut payment settlement from days to about 6 seconds. In July 2021 it raised USD 150 million in venture funding from Arrington XRP Capital, Pantera Capital, Galaxy Digital and BlockTower Capital. The company lists total funding of $58M over 15 rounds and 2.2 million platform users. It is at seed stage.
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