Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of t...
Tag: Peg
Algorithmic Stablecoin From DEUS Finance Loses Dollar Peg, Plunging 30%
DEI, a hybrid algorithmic stablecoin from the DeFi protocol DEUS Finance, lost its dollar peg on Sunday, according to data from CoinMarketCap. The DEI stablecoin currently trades at $0.66 after recov...
Fantom-based DEI Stablecoin Loses Peg to Dollar, Falls 34% in Last 7 Days
33 mins ago | 2 mins read Editors News The lack of liquidity was attributed in part to traders fleeing stablecoin pools. DEI’s price was $0.67 yesterday, down 31.9 percent in the last 24 hours. Stable...
DEUS Finance’s DEI lost its dollar peg value after UST
DEI lost its dollar stake on Sunday as per information from CoinMarketCap It is a half breed algorithmic stablecoin from the DeFi convention DEUS Finance The DEI stablecoin presently exchanges at $0.6...
Luna Foundation Guard has now dumped $2.4 billion from its Bitcoin reserves in failed attempt to defend TerraUSD peg
Luna Foundation Guard, the second largest known holder of Bitcoin, liquidated almost its entire reserves last week worth billions in a failed attempt to defend the Terra UST stablecoin peg. Ever since...
Luna Foundation Guard Breaks the Silence and Reveals How Much Was Spent to Defend UST’s Peg
The Luna Foundation Guard (LFG) finally broke the silence and revealed exactly how much they spent to defend the UST peg throughout the events of last week. As CryptoPotato reported, UST – the algorit...
Lido Warns Leveraged Traders at Risk of Liquidation as ‘Staked Ethereum’ Loses Peg
Lido today warned staked Ethereum, or stETH, holders that the token’s peg to Ethereum has slipped, leaving them at risk of having their collateral liquidated, or sold, to make up the difference. When ...
Do Kwon’s Roadmap For TerraUSD To Regain Its Peg As LUNA Tanks ⋆ ZyCrypto
Advertisement     Terra’s week from hell continues as its stablecoin remains far from the dollar peg while its native coin has slumped to zero. However, on Wednesday, ...
Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg – Defi Bitcoin News
On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was more than $200 billion total value locked (TVL) eight days ago on May 5. One s...
LUNA hits new lows as Kwon pursues plan to restore UST peg
The price of LUNA, the native token of the Terra blockchain, hit new market lows Thursday morning. The cryptocurrency dipped below $0.30 for the first time early on May 12, hitting a low point of $0.2...
Swiss Asset Manager GAM Looks Forward To Back Terra’s UST Peg! Will LUNA Reclaim $1?
Terra, which was among the largest cryptocurrencies, has dropped below $1 crashing by almost 99% overnight and this move has wiped out 95% of investors’ wealth. The reason is the Terra blockchain’s US...
Tether Recovers After Stabecoin Regains Peg
The USDT stable coin got itself back up just as Tether’s CTO Paolo Ardoino assured investors that the peg was not broken. The assurance came through a Twitter Space session with Ardoino on Thursday. H...
LUNA Crypto Left Worthless Following UST Stablecoin Loses Its Peg
Luna, which is the existing crypto for the Terra network besides its stablecoin TerraUSD, has subsided to the $0 mark. Even the TerraUSD (UST) witnessed a break of its one-to-one Dollar peg. It is t...
Tether (USDT) stablecoin regains peg after $3 billion in withdrawals
Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tether, the world’s largest stablecoin, regained i...
Tether (USDT) Close To Recovering Peg Despite Rising Redemptions
The largest stablecoin in the cryptocurrency world scared the already panicked market when its lost its dollar pegged value. It went down to slip as low as $0.9455 cents. However, it has now recovered...
The Aftermath of Terra (LUNA) Crash: Why UST May Regain Its Peg Value? – Coinpedia – Fintech & Cryptocurreny News Media
Terra (Luna) fell at 99.6% after reaching its all-time high of about $120 last month. The terra price has now dropped to 0.005. Crypto exchanges have started taking steps in response to the fall of L...
USDT-dollar peg wobbles as markets continue to struggle: Tether CTO weighs-in
Cryptocurrencies markets continue to suffer major losses following the depegging of Terra ecosystem’s stablecoin TerraUSD (UST), causing discrepancies between stablecoin pegs and the value of Bitcoin ...
UST’s peg weaker as compared with Djed’s USD peg as per Charles Hoskinson
Cardano chain founder Charles Hoskinson has proposed a clarification to the present breakdown of Terra’s stablecoin The organizer behind IOHK asserted that Cardano-based stablecoin Djed is all around ...
Tether Makes $1 Bln Swap To Support The USDT Peg, Here’s How
Tether announced on Thursday it will coordinate with a third party to perform a chain swap for raising more than 1 billion USDT while keeping the total supply the same. Tether plans to use Tron TRC20 ...
Charles Hoskinson Explains How Djed’s USD Peg Is Stronger Than UST’s
Yuri Molchan Cardano founder believes that Djed stablecoin cannot lose its USD peg, unlike Terra’s UST; here’s why Charles Hoskinson, founder of IOHK and Cardano chain, has suggested an ex...
Tether dollar peg lost and found
Tether has a market capitalization of about $83 billion, compared to $50 billion for the second-largest, USDC. Tether’s peg has also been at risk these days, fluctuating between $0.95 and $1. Tether ...
Is Tether (USDT) Following Terra’s UST In Losing Its Dollar Peg?
Tether (USDT), the world’s largest stablecoin, appears to be under extreme liquidation pressure amid the ongoing crypto crash. The token is down 4.8% to 0.9508- its lowest level since the 2017 crypto ...
Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra’s UST
Tether (USDT) has become the next stablecoin to suffer from the ongoing stablecoin fiasco that started with TerraUST de-pegging from the US Dollar. USDT traders were treated to a scare after the price...
Tether (USDT) Loses Peg As Mayhem in Stablecoin Continues
Tether (USDT) lost its dollar parity on Thursday as UST’s debacle sent shockwaves across the stablecoin market amid serious sell pressure in the wider industry. According to CoinMarketCap, the slump h...
Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of Near $24K
“On Bitfinex the Tether peg is >1$ while on Kraken it is slightly lower than 1$. This has resulted in arbitrageurs buying USDT cheap on Kraken and selling it on Bitfinex for profit. While oth...
Tether Loses Dollar Peg Amid Ongoing Stablecoin Crisis
Tether (USDT), the world’s largest stablecoin, briefly dropped 5% on Thursday, falling as low as $0.95. The stablecoin has recovered some but is still trading at $0.98, according to data from CoinMark...
Tether (USDT) stablecoin drops below $1 peg
Crypto firm Tether has been reducing the amount of commercial paper in its reserves. Jakub Porzycki | Nurphoto | Getty Images Tether, the world’s largest stablecoin, broke below its $1 peg Thurs...
Tether’s USDT Stablecoin Loses Peg Amid UST Disaster
Key Takeaways Tether’s USDT has lost its peg to the dollar. USDT briefly traded as low as $0.95 before recovering to $0.99. Several other stablecoins are trading above their $1 target, while UST...
After UST, USDT Losing its Peg, Why This Should be a Huge Matter of Concern for Crypto Space
Just as the crypto space is experiencing the most dreadful days in its history, the said backbone ‘Tether’ also tumbles up. No doubt the USDT peg-de-peg is just a normal routine during the bull run an...
World’s Biggest Stablecoin Loses $1 Peg As Crypto Market Crashes
Topline The price of Tether, the world’s biggest stablecoin and a cornerstone of the cryptocurrency ecosystem, slipped away from its $1 peg on Thursday, intensifying worries amid a market-wide crash a...
UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Luna Foundation Guard (LFG)’s proposed cry...
Terra founder Do Kwon shares plan to save the UST stablecoin peg
Do Kwon, CEO of Terraform Labs, has not accepted defeat. After an 18-hour wait in which Terra’s LUNA and TerraUSD (UST) endured a face-ripping freefall, Kwon has announced what he hopes will be ...