Terra founder Do Kwon on Wednesday outlined plans to support the flailing Terra blockchain. But his plan is likely to pressure LUNA prices further. Terra (LUNA) has registered a historic dump amid the...
Tag: Peg
As Terra’s UST Loses Its Dollar Peg, Concerns About USDT & USDC Stability Hype!
As the cryptocurrencies like Bitcoin, Ethereum among others are known for their steep volatility, there is another asset class called Stablecoin and this is known for its least volatility due to its p...
Do Kwon tweets out plan for rebuilding UST peg
Following on from the death spiral for UST and Luna, affecting the entire Terra ecosystem, Do Kwon has finally tweeted out a plan which he hopes will eventually return UST to its peg and bring much re...
Luna Nosedives Under $2, Loses 98% Of Its Value As TerraUST Struggles To Regain Its Dollar Peg
Do Kwon, co-founder and chief executive officer of Terraform Labs, poses in the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Photographer: Woohae Cho/Bloomberg © 2022 Blo...
Luna Foundation Guard Seeks Funding as UST Crashes From Peg Again
The Luna Foundation Guard (LFG) has been battling to shore up its beleaguered UST stablecoin, which has crashed from its dollar peg yet again. If a massive crypto market slump wasn’t bad enough, the w...
Terra UST stablecoin dives below $1 peg; luna cryptocurrency down 80%
Bitcoin, the world’s largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November. Dan Kitwood | Getty Images The two main tokens from embattled crypt...
UST Lose Its Peg, Terra (LUNA) Price Crashes More Than 90%! What’s the Recovery Plan?
Over the past few weeks, the cryptocurrency market is trading at an alarming rate dragging almost every cryptocurrency along with it. Among such cryptocurrencies is Terra blockchain’s LUNA. Over the ...
UST Stablecoin Veers Wildly From Dollar Peg. Here’s the Latest
UST, a so-called algorithmic stablecoin, works with LUNA to maintain a price of $1 using game theory and a set of blockchain-based mint and burn mechanics. In an ideal world, these mechanics are suppo...
Bitcoin (BTC) investors panic as terraUSD (UST) sinks below $1 peg
Bitcoin is now down 50% from its November all-time highs. Artur Widak | Nurphoto | Getty Images Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its i...
Terra’s LFG To Provide $1.5B In BTC And UST To OTC Traders: To Protect Stablecoin’s Peg
The LFG has signified that it would lend out BTC and UST to protect the stablecoin’s peg to the dollar. Recently the UST saw an attack that led to the de-pegging for a brief duration. You ...
Terra peg mechanism in doubt as UST crashes to $0.67
The third-largest stablecoin by market cap, TerraUSD (UST), appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on Tuesday. As its price has f...
Crypto’s worst week since March 2020 Covid crash – Retail spooked and UST loses peg
A truly torrid week is being experienced by the crypto market as a whole. Bitcoin has fallen 25% so far, and lost 13% amidst frantic selling yesterday. The crypto market had nearly $200 billion erased...
Market Crumbles As LFG Moves To Defend UST Peg
Luna Foundation Guard has announced that it would take decisive steps to proactively defend the larger Terra economy and the UST Dollar peg. The move comes after its algorithmic stablecoin, TerraUSD, ...
42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on Monday, raising questions about its ultimate destination on a day that has seen Bi...
Luna Foundation Guard Offers $1.5B For Stablecoin Peg Following Deviance
Editors News Anchor’s total UST deposits dropped from $14 billion to a little over $11 billion. Terraform Labs is responsible for the whole Terra ecosystem’s operation and power. The algorithmic stabl...
Terra Stablecoin Peg Slips Below $0.70—Despite Loan From Bitcoin Reserves
In brief The Luna Foundation Guard deployed $1.5 billion in reserve assets to shore up UST’s peg. Nonetheless, the price of the stablecoin, which should be $1, continued to drop. The de-pegging ...
Terra (LUNA) Getting Annihilated as UST Loses Its Peg
Alex Dovbnya One of the hottest cryptocurrency projects is facing a major test amid market turmoil The price of Terra (LUNA) has dropped by more than 30% in one day, according to data provided by Coin...
Luna Foundation to Loan $1.5 Billion in Bitcoin (BTC) and UST to Maintain Stablecoin Dollar Peg – crypto.news
The Singapore-based non-profit organization Luna Foundation Guard (LFG) will loan out BTC and UST worth $1.5 billion, as part of its strategy to protect the stability of the UST against market volatil...
LFG Poised to Maintain TerraUSD (UST) $1 Peg as the Organization Reportedly Raises Additional $2 Billion
– Advertisement – Terra is doing everything possible to win back investors’ trust in a bid to bolster the value of its stablecoin back to the $1.00 peg. The Luna Foundation Guard (LFG), ...
Luna Foundation Guard says it will lend out $1.5 billion in BTC and UST to defend stablecoin peg
The Luna Foundation Guard (LFG) said Monday that it will lend out hundreds of millions of dollars worth of bitcoin and the stablecoin UST in order to defend the latter’s peg amid a period of mar...
Luna Foundation Guard Prepares $1,500,000,000 in Bitcoin (BTC) and TerraUSD (UST) To Protect Stablecoin Peg
As TerraUSD (UST) plummets in value, the Luna Foundation Guard says it’s preparing $1.5 billion in Bitcoin and UST to address market concerns about the stablecoin. UST, a stablecoin designed to be peg...
UST peg protection on as Luna deploys $1.5b loan in BTC
Luna Foundation Guard will loan $1.5 billion in Bitcoin and UST to proficient market producers It will take UST back to equality with the dollar as it fell on the previous day A few key industry fig...
Terra’s LUNA Tanks 15% after Native Stablecoin UST Loses Peg
As per the report, a single whale served millions of UST on Binance and Curve. The Luna Foundation Guard has now initiated some corrective measures for the same. On Sunday, May 8, TerraUSD (UST), the ...
Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg
Luna Foundation Guard (LFG) said on May 9 that it will lend out $1.5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the U.S. dollar. Terra’s UST suffered a coordi...
Luna Foundation Guard Deploys $1.5B to Defend Troubled UST Peg
The Luna Foundation Guard (LFG), a non-profit organization supporting all things Terra, has recently announced that it will lend $1.5 billion to protect the peg of its algorithmic stablecoin UST amid ...
LGF Is Set To Deploy Whopping $1.5B In Bitcoin To Support UST Peg
In the midst of the Cryptocurrency market crash, the Luna Foundation Guard (LFG) plans to give out thousands of millions of worth of Bitcoin in order to support Terra USD’s peg to the US dollar. The L...
Terra’s LFG to Deploy $1.5B to “Protect the UST Peg”
Key Takeaways The Luna Foundation Guard will loan $750 million worth of Bitcoin and 750 million UST to market makers to help stabilize UST. It comes after UST lost its peg early Sunday due to intense ...
Luna Foundation to Loan $1.5B in BTC and UST to Defend Stablecoin’s Peg
This isn’t the first time UST has lost its peg. But the controversial algorithmic stablecoin de-pegged yet again just days after the Luna Foundation Guard (LFG), the organization backing it, purchased...
LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion worth of capital to “help protect” Terra USD’s (UST) p...
Luna Foundation Guard Takes Corrective Measures to Protect UST Peg, Here’s How
The Luna Foundation Guard has once again come forward announcing some key measures to safeguard the Bitcoin peg for its native UST stablecoin. Last weekend turned out to be a major nightmare for Terra...
TerraUSD dollar peg rocked by weekend dump, LUNA drops 20%
A seemingly coordinated attack on the Terra ecosystem occurred this weekend, May 7th, as hundreds of millions of dollars worth of UST was dumped on Curve Finance. This happened in tandem with an incre...
Terra (LUNA) Plunges 14% as UST Briefly Loses Its Peg
Alex Dovbnya Terra’s biggest stablecoin briefly lost its peg. Supporters claim it was a coordinated attack, but critics disagree The price of Terra (LUNA) has plunged more than 14% over the last 24 ho...