Terraform wind‑down sues Jump for $4B, raising questions on $1 stablecoin support

A court‑appointed administrator overseeing Terraform’s wind‑down sued Jump for $4 billion, alleging undisclosed trading and incentive arrangements used to defend TerraUSD’s peg, according to The Wall Street Journal. The dispute emerges as dollar‑pegged tokens gain roles in settlement and remittances, testing what $1 stability really entails. Jump has denied the claims.