With angry investors facing heavy losses following TerraUSD’s dramatic de-pegging this week, users on the Terra Research Forum and Reddit are now asking where Terraform Labs CEO Do Kwon is and even ca...
Tag: Stablecoin
SEC Commissioner Expects Tighter Stablecoin Regulation — Yellen Says Stablecoins Not Real Threat to Financial Stability – Regulation Bitcoin News
A commissioner with the U.S. Securities and Exchange Commission (SEC) expects to see stricter regulation on stablecoins. However, Treasury Secretary Janet Yellen says stablecoins are currently “not a ...
Kava Network’s USDX tumbles to $0.65 as yet another stablecoin depegs
Kava Network’s native decentralized stablecoin USDX has lost its parity with the US dollar. This stablecoin had a market cap of more than $115 million before the depeg, according to CoinGecko. U...
Waves USDN Stablecoin De-Pegs But Now Trades at $0.93
Tomiwabold Olajide This is not the first occurrence of the USDN’s price slipping significantly from the dollar peg Neutrino USD (USDN), an algorithmic stablecoin that is part of the Waves blockc...
Tron’s New Addition Takes Stablecoin Supply Beyond $1 Billion
The TRON DAO Reserve increased the supply of USDC stalecoin by $260 million on the TRON network. The new addition takes total circulating supply of Tron’s USDC stablecoin supply to $1.241 billion. Thi...
Crypto-friendly SEC Commissioner Hints At Stablecoin Regulation After Terra Collapse
The U.S. Securities and Exchange Commission (SEC), commissioner Hester Peirce, popularly known as “crypto mom,” signaled that SEC could develop stricter rules around crypto stablecoins soon due to the...
Terra disaster fuels Congressional work on stablecoin legislation
As Terra and Luna spiral, lawmakers are finding themselves pulled into the crypto orbit. Stablecoins have been a priority for US lawmakers since November. Following TerraUSD’s collapse this week, Cong...
Stablecoin Regulations Need To Allow Room for Failure, Says Crypto-Friendly SEC Commissioner Hester Peirce
U.S. Securities and Exchange Commission (SEC) official Hester Peirce says future stablecoin regulation needs to allow room for “failure” amid the collapse of Terra (LUNA) this week. While speaking at ...
This LUNA $UST Stablecoin Rival Makes Positive Strides Amid Crash
In the midst of an unprecedented meltdown of the Terra blockchain and the market’s subsequent testing of stablecoin prices, another algorithmic stablecoin is making significant strides. In a latest mo...
Justin Sun Promotes High-Yield, Terra-Inspired Stablecoin on Tron
In brief Terra’s stablecoin tokenomics led to the network’s collapse. Tron’s algorithmic stablecoin playbook looks strikingly similar. Tron blockchain creator Justin Sun announced vi...
Do Kwon Resurfaces to Propose Clean Slate for Terra—Without UST Stablecoin
After a short absence from Twitter and social media, Terra co-creator Do Kwon emerged on Friday to propose an “ecosystem revival plan” for the network. In it, he suggests that UST is not c...
Tether Has Cut Commercial Paper Holdings Backing Stablecoin by 50%: CTO
During a recent Twitter Spaces event discussing stablecoins and the recent crypto volatility, Tether CTO Paolo Ardoino said that the stablecoin provider had cut the amount of commercial paper backing ...
SEC’s Hester Peirce says new stablecoin regs need to allow room for failure
Commissioner Hester Peirce — also known as the United States Securities and Exchange Commission’s (SEC) “crypto mom” — has backed a regulatory framework for stablecoins that allows “room for there to ...
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears – Bitcoin News
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last we...
Maker DeFi Token Jumps 30% as Users Turn to DAI Stablecoin Amid Terra’s Collapse
While crypto markets staged a rebound Friday morning, the MakerDAO governance token, MKR, was up 30% as investors bet on its DAI stablecoin amid Terra’s ongoing collapse. Early Friday, MKR was t...
Tether’s market price slips below dollar parity amid ongoing stablecoin woes
Tether (USDT), the largest stablecoin, slipped below $0.96 early Thursday in a further sign of stress in the crypto market. The token dropped to a 24-hour low of $0.956 on FTX as of 3:15 a.m. ET. On ...
Investors Make For Stablecoin Hills As USDT Volume Touches All-Time High
With the market in turmoil, crypto investors are beginning to turn to stablecoins such as USDT and USDC to provide cover from losses. These stablecoins which are pegged to the U.S. dollar have been th...
Bitcoin Waiting For Bears To Come Out Of The Bushes As Stablecoin Loses Stability
Luna, the existing crypto for the Terra network besides its stablecoin TerraUSD, recently subsided to the $0 mark. The overall market, including Bitcoin (BTC) and Ethereum (ETH) also seen a plunge in...
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears – Coinotizia
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last we...
SEC’s Hester Peirce says new stablecoin regulations need to allow room for failure
Market capitalization of the top five USD stablecoins is over $154 billion Hester Peirce has said the regulatory movement around stablecoins needs to allow for trial and error Stablecoins de-pegging f...
Waves’ Neutrino USD (USDN) stablecoin de-pegs to $0.94
Neutrino USD (USDN), an algorithm stablecoin just like the TerraUSD, has fallen below its US dollar peg to trade as low as $0.8 today. The stablecoin is part of Waves blockchain ecosystem. Following t...
You Know It When You See It
Bear market getty As Justice Potter Stuart said about pornography, you know it when you see it. The press won’t call it a bear market until it meets the official definition: a decline of 20% from the ...
Pro-crypto SEC commissioner foresees faster stablecoin regulations after Terra crash
Pro-crypto commissioner of the Securities and Exchange Commission (SEC) Hester Peirce, popularly known as crypto mom, said there might be some developments towards stablecoin regulation soon, accordin...
SEC Commissioner Calls for Accelerated Stablecoin Regulations After the UST Fiasco
Peirce, also affectionately known as ‘Crypto Mom,’ said that there might soon be movement on stablecoin regulations in the U.S. The comments came at an online panel debate hosted by the London-based O...
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...
Ethereum Gas Prices Soar as Traders Head for the Stablecoin Exits
Ethereum gas prices more than doubled from Tuesday to Wednesday and are on track to double again today, per data from blockchain explorer Etherscan. Much of the cause for the increase are transfers i...
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...
TRX Prices Jump 7% After Tron Buys This Stablecoin At A Discount
Amid the current market dump, every cryptocurrency is trying to hold its fort. In this bid, many crypto leaders are moving the funds to ensure the stability of their network’s tokens. TRON Founder Jus...
Why Crypto Stablecoin Crashed? What Can Traders Expect Next?
The fall of Terra’s UST has triggered heated debate over the future of stablecoins, as well as a significant drop in crypto market sentiment. UST de-pegged from the dollar earlier this week and has fo...
Shiba Inu Stablecoin Inches Towards Completion; Here’s What We Know So Far
The Shiba Inu ecosystem has been consistent with its updates as developers have been working hard at it. According to the official Shiba Inu blog post, the primary financial components, Shibarium, SHI...
Terraform Labs CEO pseudonymously co-created failed stablecoin project Basis Cash, CoinDesk reports
CoinDesk reported Wednesday that Do Kwon, co-founder and chief executive of the development firm behind the Terra blockchain, was closely involved with an earlier stablecoin effort that failed to gain...