Crypto investors no longer know where to turn. Crypto pricing is now correlated with the stock market, which means that, as the saying goes, when the stock market coughs, digital-currency prices catc...
Tag: Stablecoin
Terra Foundation Created “Death Spiral” on Its Own Stablecoin, According to Willy Woo
Leading on-chain analyst Willy Woo has highlighted a major flaw in Terra’s UST design that may have potentially created a “death spiral” for both LUNA and UST assets. Woo saw the mai...
How Terra’s Algorithmic Stablecoin Came Crashing Down
Over the past week and a half, in one of the largest wealth-destroying events in crypto history, we witnessed the horrific unravelling of the Terra ecosystem. Terra, prior to its demise, was one of th...
Congressional Research Agency Hints at Stablecoin Regulations Following TerraUSD (UST) Collapse
A nonpartisan Congressional research agency is hinting that stablecoin regulations are becoming more likely following the recent disintegration of TerraUSD (UST). In a new report by the Congressional ...
Tether stablecoin crash to follow Terra’s disaster? This is what we know.
The cryptocurrency market received yet another blow as there are rumors that a Tether stablecoin crash might happen. After TerraUSD UST collapsed, many investors started to question cryptocurrencies i...
Warning: Another stablecoin loses peg
Deus Finance’s stablecoin Dei (DEI) is the latest stabelcoin to lose its 1-to-1 peg to the U.S. dollar. The coin is currently trading at $0.64, as this drop follows several algorithmic stablecoins los...
Stablecoin supplies and cash reserves in question amid crypto exodus
Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT), resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion. The...
UK: the Crown wants to regulate stablecoins
Following the collapse of the Terra-LUNA project and the ecosystem’s stablecoin, UST, the Treasury Department in the UK has stated that it wants to regulate the sector more. In particular, one of the ...
The Dismay of the UST Stablecoin Tenure; An Unexpected Fall – crypto.news
In a very harrowing turn of events for Terra, the blockchain ecosystem has opted to indefinitely halt the trade on its UST and LUNA tokens. The second halt in 24 hours came at a very ominous date, Fri...
BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools
Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week’s volatility is...
Another algorithmic stablecoin, DEI, loses peg
Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The stableocoin first lost its peg against the ...
LFG Swapped Over 80k BTC for $UST Soon After Stablecoin Lost Peg – crypto.news
On May 16, Wu Blockchain reported that the LFG currently holds a reserve of merely 313 BTC. The announcement came after LFG noted that they converted most of their reserves when UST began to lose its ...
MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security
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...
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...
After Terra’s UST, This Stablecoin Loses it’s Peg.What’s The Future Of Stablecoins? – Coinpedia – Fintech & Cryptocurreny News Media
The crypto economy was under complete volatility for the past few weeks, but the space faced had the worst one after one of the largest stablecoins, TerraUSD (UST) de-pegged from its $1 value. After U...
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...
Another Stablecoin Follows UST, DEI Price Drops
Last week saw chaos in the cryptocurrency market due to the unprecedented crash of Terra’s UST stablecoin and LUNA. The crash resulted in traders debating about the trustworthiness of stablecoins, the...
Kwon Proposes Forking Terra, Nixing UST Stablecoin in ‘Revival Plan 2’
In what may have marked the largest token collapse in crypto history, Terra’s $40 billion stablecoin juggernaut crashed last week. Terra’s UST stablecoin, which is supposed to stay “pegged” to the pri...
Scream protocol losses millions to stablecoin depeg
Scream, a decentralized lending protocol on the Fantom network, incurred a $35 million debt after failing to adjust the prices of two stablecoins that lost their peg on its platform. The DeFi protoco...
Tron Founder Speaks on His UST-like Stablecoin USDD
According to Dustin Teander, an analyst at digital asset data platform Messari, USDD is mechanistically similar to UST in terms of minting and price stability. The $30 billion Terra ecosystem recentl...
What happened to the bitcoin reserve behind Terra’s UST stablecoin?
Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future Publishing via Getty Images Investors have been eager to fi...
Deus Finance’s dollar-pegged stablecoin DEI falls below 60 cents
As the market continues to mourn over losses on the Terra (LUNA) UST and LUNA debacle, DEI, a stablecoin used as a collateral mechanism for third-party instruments built on the Fantom (FTM)-based dece...
U.K. Treasury Confirms Stablecoin Legislation Part of Upcoming Bill
Key Takeaways Her Majesty’s Treasury has confirmed plans to regulate stablecoins as a form of payment in the U.K. The legislation will be part of a new Financial Services and Markets Bill designed to ...
Stablecoin Meltdown, CBDCs and UK Ambitions
Last week in crypto will go down in history as one of the most turbulent ever. Be[In]Crypto has rounded up the hottest stories in the ecosystem for your digest ranging from Terra’s debacle, CBDCs rush...
Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole, cites FDIC’s $250,000 as ‘precedent’
The Terra ecosystem completely unraveled last week, taking much of the cryptocurrency market down with it. Its algorithmic stablecoin TerraUSD (UST) crashed far below its $1 peg, and its sister token ...
Do Kwon CEO of Terraform Labs broke his silence on “the fall of LUNA and UST stablecoin”
Kwon advocated, via a Terra discussion site, that the network be effectively restarted by releasing 1 billion tokens to affected holders and users. Do Kwon, CEO, and co-founder of Terraform Labs, brok...
Tron Founder Promotes New Algorithmic Stablecoin, Despite LUNA Crash
TRON founder Justin Sun touts an algorithmic stablecoin reserve strategy to prevent TRON’s new stablecoin USSD from crashing like LUNA. Tron founder Justin Sun, famous for canceling a breakfast with W...
U.K. Treasury to Push Forward With Stablecoin Regulation
Her Majesty’s Treasury (Exchequer) will push forward with a plan to regulate stablecoins based on financial regulation outlined in the Queen’s speech on May 10, 2022. The U.K. Treasury announced that ...
Coinbase sued over GYEN stablecoin going bust
Coinbase clients have sued the exchange over the advancement and exchanging of GYEN GYEN is a stablecoin that crashed recently and had the investors go crazy The claim targets both Coinbase and the g...
$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus
The cryptocurrency market has lost $1.9 trillion six months after it soared to a record high. Interestingly, these losses are bigger than those witnessed during the 2007’s subprime mortgage mark...
Stablecoin Crash :This is Why USDC is Unaffected With The Panic Sell-Off? – Coinpedia – Fintech & Cryptocurreny News Media
This week, the crypto market touched rock bottom as the drop in Bitcoin, altcoins and stablecoins soured investor sentiment. In at least two years, Bitcoin had its most tumultuous week and the market ...