The aUSD stablecoin has become the latest stablecoin to take a hit after a hack into the Acala Network resulted in a 99% drop in its value. Acala Network Hacked On Sunday, the Polkadot-based DeFi net...
Tag: DePegs
Polkadot-based stablecoin aUSD depegs after Acala Network breach
Acala Network, the decentralized finance hub of Polkadot, has been breached and its stablecoin depegged from the dollar mark. Early this morning, Acala’s Twitter page posted that it noticed conf...
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value – Bitcoin News
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) droppe...
Acala Network aUSD Depegs by 99% as Hacker Issues Over 1 Billion Tokens
Acala Network became the latest Defi network to suffer an exploit after hackers breached the network and issued 1.2 billion aUSD tokens. The Polkadot-based network issues aUSD as its native stablecoin...
Polkadot’s Native Stablecoin aUSD Depegs Following Exploit ⋆ ZyCrypto
Advertisement     Attackers have struck the markets again; this time, the Acala network is on the receiving end. A few hours ago, reports broke out that the Acala doll...
Tether Short Selling Continues, What Happens If The Largest Stablecoin De-pegs?
– Advertisement – Tether Short Selling Continues, What Happens If The Largest Stablecoin De-pegs? Data on Curve’s 3pool, where users can swap between stablecoins USDT, USDC, and DAI, showe...
Magic Internet Money token depegs as Terra (LUNA) domino effect persists
Magic Internet Money (MIM), a US dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens losing their $1 value amid an untimely crypto winter. The sudden de-pegging of ...
Magic Internet Money (MIM) Stablecoin Depegs Amid Insolvency FUD
Magic Internet Money (MIM), the native token of the Abracadabra DeFi platform, is the latest stablecoin to lose its peg as crypto markets unwind. MIM, which is the 42nd largest stablecoin by market ca...
TRON DAO Reserve withdraws TRX from Binance as USDD depegs further
The TRON DAO Reserve has announced plans to withdraw 2.5 billion TRX from the Binance cryptocurrency exchange. The withdrawal has been done to maintain TRX’s value and make it hard for sellers to shor...
Ethereum Suffers A Drop Of 24% As Staked Assets De-pegs
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USDD Stumbles and De-Pegs Just Months After Launch
TRON’s newly launched stablecoin (USDD) may be running into trouble just months after launch. USDD is facing its sternest test yet after the US-pegged stablecoin fell to just $0.9807 this morning at 0...
Kava Network’s USDX tumbles to $0.65 as yet another stablecoin depegs
Kava Network’s native decentralized stablecoin USDX has lost its parity with the US dollar. This stablecoin had a market cap of more than $115 million before the depeg, according to CoinGecko. U...
Waves USDN Stablecoin De-Pegs But Now Trades at $0.93
Tomiwabold Olajide This is not the first occurrence of the USDN’s price slipping significantly from the dollar peg Neutrino USD (USDN), an algorithmic stablecoin that is part of the Waves blockc...
Waves’ Neutrino USD (USDN) stablecoin de-pegs to $0.94
Neutrino USD (USDN), an algorithm stablecoin just like the TerraUSD, has fallen below its US dollar peg to trade as low as $0.8 today. The stablecoin is part of Waves blockchain ecosystem. Following t...
Largest stablecoin Tether (USDT) briefly depegs as market plummets
The world’s largest stablecoin lost its peg briefly on Thursday amid extremely volatile conditions in the cryptocurrency market. USDT momentarily depegged to $0.95 but has recovered to $0.9921 during ...
UST goes rogue, but Neutrino USD [USDN] ‘depeg(s)’ a different story
As Bitcoin crashed below the $32k support level, panic took hold of the market and alt coins began to violently plunge as well. This time, even the stablecoins were not spared as TerraUSD [UST] droppe...
Terra Ecosystem Faces Pressure as Stablecoin Depegs
Key Takeaways Terra’s UST lost its peg to the U.S. dollar again this weekend, dipping as low as $0.985. The depeg event came after a series of multi-million dollar UST selloffs. UST posted a sli...
Waves Founder Accuses Alameda of Manipulation as Stablecoin De-Pegs
Waves founder and CEO Sasha Ivanov has accused Alameda Research of market manipulation after the price of the WAVES token slumped more than 45% in four days. The allegations come as Neutrino dollar, o...