The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments over the weekend, allowing debtors to save a total of more than $100 million off their...
Tag: DePegged
USDC depegged, but it’s not going to default
Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon ...
Stablecoins depegged, Tether remains the king of all stablecoins
Some stablecoins observed their value drop from their pegged value; meanwhile, USDT stood still. Over the past few weeks, markets have shown high volatility. In the first week of March, one of the ban...
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan
Top Stories This Week Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs Silicon Valley Bank (SVB) was shut down by California’s financial watchdog...
Crypto Exchange Coinbase Suspends Trading Of BUSD Stablecoin! Will BUSD Be The Next Depegged Stablecoin After UST?
As stablecoins are gaining a lot of attention, they have attracted the deadly eyes of regulatory bodies over whether they are being traded as security. Binance USD (BUSD), one such stablecoin that has...
DeFi Protocol ‘Platypus’ De-pegged after Flash Loan Attack
On February 16, Platypus Finance, a decentralized finance (DeFi) application was affected by a flash loan attack. as per CertiK, a smart contract security firm. In a tweet, CertiK informed that the ha...
Huobi exited HUSD stablecoin deal before token depegged below $0.8
Huobi’s HUSD is the latest stablecoin to risk further de-pegging as it is currently trading below $0.8. The exchange, however, exited its stake in the stablecoin in April. According to coingecko, HUSD...
Huobi Stablecoin HUSD De-pegged From The USD
HUSD depegged from USD Huobi’s HUSD becomes the latest stablecoin to de-peg. It appears that the era of troubles for stablecoins is yet to be over, even as the crypto market embarks on the path to r...
Acala Network’s aUSD Depegged from Dollar Mark after Breach
Acala Network’s stablecoin was depegged from the dollar mark on Sunday following a breach. The decentralised finance hub of Polkadot on Sunday tweeted saying a vote was proposed to pause operati...
Terra’s de-pegged stablecoin USTC gains 270% in 30 days
The Terra (LUNA) ecosystem’s infamous algorithmic stablecoin TerraClassicUSD (USTC) has recorded a spike in value despite the widespread crypto market correction in recent months. Over the last 30 day...
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged – Bitcoin News
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June...
No, USDD Is Not De-pegged Below $0.97, Tron DAO Insists
Vladislav Sopov TronDAO representatives made things clear, as USDD price on exchanges is plummeting again Contents No, USDD is not de-pegged Collaborations with CEXes and DEXes are in sight TronDAO sh...
TronDAO Injects $300 Million in USDC to Reserves; USDD Still De-Pegged
Vladislav Sopov Tron’s USD-pegged stablecoin USDD might be the most “over-collateralized” asset right now Contents With another $300 million in USDC, TronDAO’s collateral rate ...
USDD Still De-pegged Despite Tron DAO Reserve Injecting Billions Into It – Is This The End?
– Advertisement – Tron’s USDD Stablecoin is still below the desired 1:1 ratio with the USD despite Justin Sun trying to stabilize it. A few days ago, Tron’s stablecoin, USDD, experienced...
TRON Increases Reserves As USDD Stays De-pegged
TRON DAO has increased its stablecoin reserves to safeguard the blockchain as the USDD continued to trade below its peg. The reserve increased its supply of USDC tokens by 300 million on the blockcha...
Impact Of sETH Getting Depegged Again In This Month On Lido Finance
sETH represents the token for staked Ethereum on Lido Finance, integrating the value of staking reward and initial deposit. A derivative digital asset backed in the ratio of 1:1 by Ethereum. Users sta...
What will become of Lido Finance as sETH gets depegged for the second time this month
stETH is a token representing staked Ether in the Lido Finance platform, combining the value of an initial deposit + staking rewards. A derivative token backed 1:1 by ETH. Users who stake their ETH on...
DeFi lender left with $35 million bad debt after quoting depegged stablecoins at $1
Scream, a DeFi lending protocol on Fantom, has incurred $35 million in bad debt after failing to adjust the price of two stablecoins that lost their US dollar peg. The two stablecoins in question are ...
DeFi lender incurs $35 million loss after pricing depegged stablecoins at $1
Scream, a Fantom-based Defi lending protocol, has sustained $35 million in bad debt after neglecting to change the prices of two stablecoins that dropped their US dollar peg – Fantom USD (fUSD) ...
Is LUNA Dead? Terra Luna Price Drops Below 4 Cents, UST still De-pegged at $0.67 » NullTX
After dropping nearly 99% in the past week from a high of $85 to a low of $1 yesterday, LUNA is the gift that keeps on giving, dropping well below 10 cents today, currently trading at $0.035. Those tr...
Will LUNA and UST Price Recover? Terra Luna Price Down 93%, UST De-pegged to $0.3 » NullTX
Even with Bitcoin’s price destabilization over the past week, most of the attention is on the abysmal price performance of Terra Luna, which is down 93%, and UST, whose price is supposed to stay pegge...
WAVES’s Stablecoin USDN De-Pegged and Fell to $0.85 Following Ponzi Scheme Accusations
Arman Shirinyan WAVES, which gained more than 450% in March, has already lost 35% of its value following rumors Contents Drama behind Waves Ivanov blaming Bankman-Fried WAVES-powered stablecoin USDN d...