Staked ETH (stETH) deviates further from Ethereum (ETH) with the exchange rate on Curve dropping to 0.9585 ETH. The stETH-ETH peg is impacted after Three Arrows Capital removed 20,945 stETH worth near...
Tag: Peg
USD Once Again Losing its Peg
The Community Rejected a Second Vote Since June 16, Neutrino, USDN has maintained its peg. However, a modification to the protocol caused it to lose it for the first time. On Thursday, several hours a...
Waves-backed stablecoin USDN breaks peg again amid protocol upgrade
As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of strug...
USDN loses peg again as Neutrino upgrade to “stabilize protocol” goes live
Neutrino $USDN lost its peg for the first time since June 16 as it was updated to implement upgrades to the protocol. Confirmation of the upgrade was announced at 4 pm BST Thursday, several hours afte...
Behind Waves USDN depeg and how Sasha Ivanov worked to restore the peg by taking on $500M in debt
CryptoSlate’s Akiba spoke with Waves founder Sasha Ivanov to talk about USDN, Waves, Terra contagion, and algorithmic stablecoins in general. Watch this exclusive interview to hear Sasha’s...
Is Acala USD Losing Its Peg Again? aUSD Drops To 80 Cents
– Advertisement – The aUSD price is still slipping. In a tweet today, PeckShieldAlert reveals that Acala USD (aUSD) is down to $0.81, moving further away from the dollar peg. #PeckShieldAl...
After the Exploit and Burn Repair, Acala Almost Reached Its Original Peg of 1:1
The Acala Dollar (aUSD), Polkadot’s native decentralized stablecoin, hit a new low of $0.0054 on August 14 and lost its $1 peg. Acala Network had previously observed a suspicious transaction. Hackers ...
Huobi’s HUSD Becomes Latest Stablecoin To Lose Dollar Peg
The stablecoin market looks like it is some way off from reaching stability, as the list of stablecoins losing their peg grows longer and longer. Huobi’s HUSD stablecoin has now become the latest asse...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token – Coinotizia
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thu...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token – Bitcoin News
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thu...
Dollar-Backed HUSD Stablecoin Plummets From Peg
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the...
HUSD Stablecoin Loses Dollar Peg, Huobi Supposedly Jumped Ship in April
HUSD appears to be the next stablecoin that’s having serious difficulties in maintaining its dollar parity. Huobi, the cryptocurrency exchange that seemingly backed the stablecoin, supposedly abandone...
aUSD loses peg but then recovers it- The Cryptonomist
In recent days, the stablecoin aUSD based on Polkadot’s blockchain lost its peg with the dollar, but then recovered it. What happened to Polkadot (aUSD) It all started on Sunday, 14 August with a hac...
MakerDAO Founder Calls on DAI to Drop Dollar Peg Amid Tornado Cash Fallout
In the aftermath of the Treasury Department’s stunning decision Monday to ban Ethereum coin mixing tool Tornado Cash, many crypto industry leadwalletsers are reconsidering their exposure to centralize...
MakerDAO founder says it’s ‘almost inevitable’ DAI will abandon USD peg
Rune Christensen, co-founder of MakerDAO, has stated that the DAI stablecoin could exit its USD peg by eliminating all of its USD Coin (USDC) exposure. The DAI stablecoin is currently backed 32% by US...
DAI could lose its peg to the dollar
MakerDAO has decided to eliminate DAI’s exposure to USDC and this could cause it to lose its peg with the dollar. DAI: MakerDAO’s algorithmic stablecoin seriously risks losing its peg with the dollar...
Solana-based Algorithmic Stablecoin, Nirvana, Loses USD Peg, Sheds 90% – crypto.news
Nirvana, the Solana-based stablecoin, is reported to have suffered a flash loan attack, leading to a loss of close to $3.5 million. According to the on-chain blockchain analytics firm, PeckShieldAlert...
Tether Finds Stable Dollar Peg After Terra’s Collapse
In other words, tether has passed the market’s stress test, withstanding redemptions in volatile conditions and eventually reclaiming the peg. “The past two months have definitely been a s...
Terra’s Fallen USTC Held 7th Largest Stablecoin in Q2 Despite $0.03 Peg
Singapore-based cryptocurrency data aggregator CoinGecko has just released its second quarter (Q2) report for 2022. The report outlined the condition of the entire stablecoin market. The top 15 stable...
USTC Gaining Back Stability, $1 Peg Obtainable?
6 hours ago | 2 mins read Terra (LUNA) News The price of USTC reached the maximum limit of $0.099 on June 29. The coin has moved up from its All Time Low (ATL) to 1022.9%. The collapsed stablecoin Ter...
Circle: more transparency on the USDC peg
Circle Internet Financial, which is the issuer of the USD Coin (USDC) stablecoin, yesterday announced a partnership with New York Community Bancorp, Inc. (NYSE: NYCB) to have the group’s subsidiary ba...
Why another stablecoin losing its peg isn’t ‘Terra 2.0’
Cryptocurrencies have been under immense pressure after the collapse of a so-called stablecoin called terraUSD. Umit Turhan Coskun | Nurphoto via Getty Images A controversial stablecoin launched just ...
Tron’s USDD Stablecoin Still Hasn’t Recovered Its Dollar Peg
Tron’s stablecoin has yet to reclaim parity with the greenback USDD hit an all-time low of $0.9255 on June 19 USDD Market Cap – $704,861,106 Tron’s recently sent off USDD stablecoin has exchanged unde...
Why is this stablecoin unable to keep its peg value stable at $1?
Stablecoin is a cryptocurrency backed by dollars and maintains its pegged value against it; in case of losing parity, it could collapse. No need to mention that currently, the market is being talked ...
TRON DAO to Withdraw Another 3 Billion TRX to Protect USDD Peg
The TRON DAO Reserve has withdrawn another three billion TRX to protect the peg of its USDD stablecoin. It withdrew $2 billion a few days ago, which highlights the stress the market is having on stabl...
Can Tron (TRX) maintain its value long-term after efforts for stablecoin peg?
Tron TRX/USD has a huge ecosystem of decentralized applications (dApps), many of which have gathered a high level of reputation within the crypto sphere. From decentralized finance (DeFi) to non-fungi...
TRON DAO Reserve to Withdraw Another 3 Billion TRX to Protect USDD Peg
TRON DAO Reserve is prepared to withdraw another 3 billion TRX tokens from a centralized exchange and a decentralized finance (DeFi) lending protocol as part of efforts to prevent a similar occurrence...
Another ‘stable’ currency peg is falling, but this time it looks like it might vindicate crypto bulls
Last month’s collapse of TerraUSD’s stablecoin, which promised but failed to maintain a fixed exchange rate to the dollar, heralded the beginning of what may be a new ice age for digital assets. Now a...
Tron DAO Reserve pulls 2.5 billion TRX from Binance as USDD slips further from peg
The Tron DAO Reserve plans to withdraw 2.5 billion tron (TRX) tokens, worth about $125 million, from the Binance exchange as it attempts to prop up the price of its USDD stablecoin against the US doll...
TRON DAO Reserve Withdraws 2.5 Billion TRX From Binance to Safeguard USDD Peg
The last thing Justin Sun – founder of TRON – would like to see is the UST-Terra fiasco being repeated again on his stablecoin project USDD. The confident founder, who had vowed the lost peg of the st...
Tron’s Decentralized USD Stablecoin Continues to Slip From Dollar Peg – crypto.news
USDD, the Tron-backed algorithmic stablecoin, is still struggling to regain its dollar peg, which it lost on Monday. Short Sellers Hit Tron Trouble started brewing in the Tron ecosystem on June 13 whe...
Tron Collapses by 20% Daily as USDD Drifts Away From Peg
Tron lost its momentum over the weekend, and since then, it has crashed by over 40%. The cryptocurrency now struggles to find support. Key Support levels: $0.050, $0.040 Key Resistance levels: $0.057,...