Bomb Money is a BNB chain token that is built on Binance. It is pegged to Bitcoin. In other words, the value of Bomb Money varies depending on the fluctuations in the value of Bitcoin. The proprietary...
Tag: Peg
Terra Founder Addresses Concerns on Any Loss of Bitcoin Peg to UST Stablecoin
Terra’s parent entity Luna Foundation Guard (LFG) has been on a massive Bitcoin acquisition spree to peg BTC to its stablecoin UST. Terraform Labs founder Do Kwon recently said that he’s even willing ...
Neutrino Dollar breaks peg, falls to $0.82 amid WAVES price ‘manipulation’ accusations
Neutrino Dollar (USDN), a stablecoin issued through Waves-backed Neutrino protocol, lost its U.S. dollar-peg on April 4 amid speculations that it could become “insolvent” in the future. US...
Square Peg Meets Round Hole
A man walks by a banner for Squarespace at the New York Stock Exchange, Wednesday, May 19, 2021. The … [+] New York-based website-creation platform begins trading with a direct listing at the ex...
Venezuela Will Peg Minimum Wage to Nation’s Cryptocurrency
Key Takeaways Venezuela’s president announced a major minimum wage increase yesterday to a crowd of 10,000. The wages would be pegged to a half of a Petro, a cryptocurrency that launched in 2018...
Luna Foundation Guard Raises $1Bn to Save UST Dollar Peg
The LFG (Luna Foundation Guard) recently raised over 1 billion dollars in its private token sale. The NPO was established with the aim to boost the development of the Terra framework. Now, the organiz...
Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg – News Bitcoin News
The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token...
Can Terra’s UST Stablecoin Hold Its Peg?
Key Takeaways UST is an algorithmic stablecoin on Terra. It’s pegged to the value of the U.S dollar. Because UST is unbacked, it can potentially de-peg from the dollar during periods of extreme ...
Algorithmic Stablecoin MIM Losing Peg – Trustnodes
A dai like algorithmic stablecoin that is meant to equal $1, Mim, is seeing its peg come under pressure following a crash in the price of eth and many tokens. Unlike dai where you have plain eth or US...
Luna Foundation Guard Launches to Support UST Peg as Stablecoin Blows Past $11B Market Cap – Bitcoin News
The Luna Foundation Guard, a new decentralized organization developed to support the Luna ecosystem, has been launched last week in Singapore. The institution will offer funding in the form of grants ...