Tron’s USDD stablecoin fell below $0.97 today, and founder Justin Sun has tried to reassure users by saying that he is “deploying more capital” to defend the peg. Tron’s USDD Stablecoin Depegs To Lowe...
Tag: Peg
Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital – Altcoins Bitcoin News
The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was ...
Justin Sun’s USDD Stablecoin Falls to $0.968 Low, Marks One-Month Below Peg
The USDD stablecoin, heavily backed by crypto entrepreneur Justin Sun, is the latest token under immense pressure in this bear market. In the early hours of Monday, the acclaimed stablecoin dropped to...
Tron’s USDD stablecoin falls to $0.97 as it loses dollar peg
Tron’s USDD stablecoin has lost its peg as its price dipped to $0.97, sparking fears of another UST collapse. The Tron-based algorithmic stablecoin launched on May 5, and its market cap currently stan...
Neutrino USD (USDN) Loses Its $1 Peg, so Is It the Next UST?
Neutrino USD (USDN), a stablecoin of the Waves ecosystem, has lost its peg, currently trading at $0.85. What can be the reason? The crypto market is hovering around the fear of the collapse of yet ano...
Terra Founder Accuses SBF Of Attacking UST Peg With $1B UST From Genesis
– Advertisement – Terra Founder Accuses SBF Of Attacking UST Peg As FTX CEO Faces Market Manipulation Investigations. TFL founder Do Kwon, emboldened by a New York Times article, has mad...
BNB-Based HAY ‘Destablecoin’ Loses Peg Following Ankr Exploit
BNB Chain-based Destablecoin HAY has lost its $1 peg as a result of the exploit of Ankr Protocol. The team stated that they would provide an update soon. Market data shows that HAY, a ‘destablecoin’ o...
Model For Maintaining The Peg of Cardano Stablecoin DJED Released
– Advertisement – The model for maintaining the peg of Cardano’s stablecoin Djed has been released, featuring a mint and burn mechanism involving DJED and SHEN. Cardano’s soon-to-be-launch...
Earth-Moon’s efforts to defend the peg
Following the collapse of Terra’s algorithmic stablecoin UST, the Luna Foundation Guard (LFG), the organization created to protect the coin’s peg, released an audit report. In the report, LFG claims ...
LFG Audit Reveals Billions Spent On UST Peg
A third-party audit has revealed that the Luna Foundation Guard spent $2.8 billion to defend the peg of the algorithmic stablecoin TerraUSD (UST). Audit Findings Reported The audit was conducted by J...
SBF faces investor lawsuit in the US as Australia suspends FTX operations; LFG spent $2.8B on UST peg defense
The biggest news in the cryptoverse for Nov. 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to Genesis Trading, and Messari estimating that FTX invest...
Technical audit shows LFG didn’t misappropriate funds as it tried to defend TerraUSD peg – crypto.news
An on-chain audit commissioned by the Luna Guard Foundation (LFG) and Terraform Labs (TFL) to provide transparency into the actions of the two organizations in their unsuccessful defense of the TerraU...
Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg – Bitcoin News
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the N...
New Audit Report Shows Terra’s LFG Spent Over $2.8 Billion To Defend UST Peg ⋆ ZyCrypto
Advertisement     Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8B (80,081 BTC and 49.8M in stablecoins) to defend UST’s peg, ...
Audit reveals Luna Foundation Guard spent $2.8B to defend UST peg in May
A Nov. 9 technical audit report submitted by JS Held revealed the Luna Foundation Guard spent $2.8 billion to defend UST’s peg between May 8 and May 12. 1/ Today, LFG releases the technical audit repo...
Luna Foundation Guard, TFL Spent $3.4 Billion to Defend UST Peg: Report
A new audit report revealed that the two entities behind the Terra ecosystem, LFG and TFL – collectively spent more than $3.4 billion between May 8th-12th, 2022, to defend the peg of the fallen stable...
Luna Foundation Guard says it spent $2.8 billion to defend UST peg
Luna Foundation Guard (LFG), a non-profit created in January to grow the Terra ecosystem, has published an audit stating that it spent $2.8 billion in bitcoin and stablecoins to defend the TerraUSD (U...
Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds
“While there have been multiple recent failures in crypto, it is important to distinguish between Terra’s case, where a transparent, open-source decentralized stablecoin failed to maintain peg parity ...
Amid FTX Rumors Tether’s USDT Peg Of $1 Wobbles
The crypto market still seems to be in the grasps of FTX and Alameda. Currently, rumors are circulating that Tether’s stablecoin USDT might be more affected by the downfall of FTX than it would like t...
Tether Peg Hiccups Are Nothing New
The price of stablecoin Tether (USDT) briefly fell to 97 cents on Thursday, according to data compiled by Blockworks — and as low as $0.938 on the Kraken exchange — raising fears regarding the stabili...
Tether Freezes FTX USDT as Dollar Peg Wobbles
Crypto markets are stressed from the ongoing FTX scandal, causing the dollar peg of top stablecoin tether (USDT) to wobble on major platforms, including Binance. And just as USDT regained footing afte...
Tether dollar peg sinks 1.7% as FTX-induced turmoil persists
The Tether (USDT) stablecoin showed signs of wavering on Nov. 10, sinking as low as $0.9806 as market uncertainty continues to reign. Source: USDTUSD on TradingView.com The fallout from FTX’s insolven...
Binance retracts purchase offer for FTX; Bitcoin slumps to $15K levels as stablecoins test dollar peg
The biggest news in the cryptoverse for Nov. 9 includes Binance’s decision to not move forward with the potential acquisition of FTX, Bitcoin’s retrace to $ 15,000 levels, and multiple stablecoins dro...
Tron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis
The USDD liquidity pool on the decentralized finance protocol Curve, where users can trade USDD for other stablecoins such as USDT, USDC and DAI, is heavily imbalanced, with USDD accounting for almost...
Tether’s USDT falls 1% below dollar peg amid market uncertainty
USDT, the stablecoin issued by Tether, has fallen 1% below its peg to the U.S. dollar today amid ongoing market turmoil. The largest stablecoin on the market fell to $0.9911 today, according to...
HUSD Stablecoin Drops 56% From Dollar Peg Following Huobi Delisting
Fresh data according to CoinMarketCap shows that HUSD stablecoin has fallen massively from its $1 peg, dropping to a low of $0.32 following delisting from crypto exchange Huobi on Friday last week. At...
MakerDAO’s plan to break the dollar peg
MakerDAO, the protocol that issues the Dai stablecoin, has passed a governance proposal beginning the transition to its “Endgame Plan.” This plan fundamentally changes many aspects of MakerDAO. Here’s...
How long can the Hong Kong dollar peg hold?
The USD/HKD price has been in a consolidation phase at the upper side of its peg in the past few months. It has remained at 7.85, which is about 1.30% above its pandemic low of 7.750. So, how long wil...
Ethereum’s largest staking service finally regains stETH peg
The token associated with Ethereum’s largest liquid staking program has regained its 1:1 peg to ETH. After dipping as low as -7% in mid-June, Lido Staked Ether (stETH) has regained its peg and now tra...
Terra Classic Revival Strategy to Reclaim the USTC Peg
8 hours ago | 2 mins read Editors News To avoid further damage, TerraForm Labs deactivated the exchanges between LUNC and USTC. Burning 1.2% of tax will help the exchange to the first step toward maki...
Terra Classic’s Revival Plan to Regain the USTC Peg – Coinpedia – Fintech & Cryptocurreny News Media
Alex Forshaw and Edward Kim, part of the Terra classic community, provide a detailed plan of the network driven by the community. It reveals a bold attempt to bring back the TerraClassicUSD (USTC)doll...
New Terra Classic Update Reveals Bold Plan To Regain USTC Dollar Peg, And Bring Utility To LUNC
– Advertisement – Terra Classic community is yet to give up on the USTC dollar peg. In a medium post, Terra Classic community members Edward Kim and Alex Forshaw offer a rough roadmap of...