Notable Stablecoin Developer Nikolai Mushegian Drowns In Puerto Rico

Former dai stablecoin developer and co-founder of the Balancer exchange, Nikolai Mushegian, has died at the age of 29 in Puerto Rico.

Local media reports had it that Mushegian had a swimming accident at the country’s Condado beach caused by strong ocean currents at the beach.

Mushegian left behind a wide array of blockchain-related works. He co-foundedBalancer, one of the largest decentralized exchanges on Ethereum.

He also served an important role in the creation of the dai stablecoin as a technical partner for MakerDAO.


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