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Tag: Stablecoin
Terraform Labs Launches 3 Emergency Actions to Save LUNA, UST Stablecoin
On Thursday, Terraform Labs, the team behind the Terra ecosystem, outlined three emergency measures aimed at saving LUNA and its native stablecoin UST from collapse. The three measures include burning...
What’s Behind Crypto Stablecoin Crash?
The crash of Terra’s UST has sparked serious debate over the future of the stablecoin space, while severely denting crypto market sentiment. UST de-pegged from the dollar earlier this week, and has si...
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 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...
Largest stablecoin Tether (USDT) briefly depegs as market plummets
The world’s largest stablecoin lost its peg briefly on Thursday amid extremely volatile conditions in the cryptocurrency market. USDT momentarily depegged to $0.95 but has recovered to $0.9921 during ...
Tether Slips In Value Amid Ongoing Stablecoin Chaos
Biggest stablecoin, Tether (USDT), dropped down below $0.96 early Thursday in a more distant sign of stress in the cryptocurrency market. The token fell down to a 24 hour low of $0.9856 as per the dat...
Tether CTO Says, USDT-Dollar Remains Strong Amid Stablecoin Crises
The LUNA/UST affair has caused discrepancies in the BTC-stablecoin trading pairs on different global cryptocurrency exchanges. Cryptocurrencies are still feeling the effects of the TerraUSD disaster, ...
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...
TUSD Announces New Domain Name While Continuing to be a Top Stablecoin with its Three Core Competencies
– Advertisement – Singapore, Singapore, 12th May, 2022, Chainwire TUSD has announced its new domain name from trueusd.com to tusd.io for a cleaner, concise, and more memorable name as it...
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...
Grape Finance Secures GRAPE Stablecoin with Chainlink
Grape Finance has integrated Chainlink Price Feeds, gaining access to high-quality and tamper-proof price data. Users benefit from the integration as they are assured that MIM price data is now hyper-...
Research Reveals UST Stablecoin And Its Kinds Pose Great Risks Ahead
On the 10th of May, the UST dollar peg hit lows of $0.6. The stablecoin was challenged over thin liquidity, shortly after the Luna Foundation Guards (LFG) finished building its $3 billion treasures la...
Best Stablecoin: Who Stands Tall Above The Rest In Crypto Sphere
Cryptocurrency sector has attracted almost all the folks from around the globe, no matter if it is stablecoins, metaverse coins, DeFi or anything, they were lured to space. Some saw the sector as the ...
Algorithmic Stablecoin Like $UST Prone to Pose Great Risk! Here’s What Research Says
The UST dollar peg touched a low of $0.6 on May 10th. Shortly after the Luna Foundation Guards (LFG) finished building their $3 billion treasures last week, the stablecoin was challenged due to low li...
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...
Cardano Founder Shares Latest Update on Stablecoin Djed
Tomiwabold Olajide Cardano’s algorithmic stablecoin is named after Djed, which is the symbol of “stability” Cardano founder Charles Hoskinson has given an indication of the progress ...
Terra founder reportedly has link to failed stablecoin, Basis Cash
A former Terra Labs employee has reportedly revealed that Terra co-founder Do Kwon was one of the creators of Basis Cash. This algorithmic stablecoin failed last year, a Coindesk report has revealed. ...
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 ...
Tron DAO Launches its “Terra Destroyer” Stablecoin on Multichain DEX
According to an official announcement, Tron DAO’s own $USDD is now available on Multichain DEX (formerly AnySwap) alongside PancakeSwap, Uniswap, Ellipsis and sunSwap, the first to have listed s...
Controversial Dollar-Pegged Stablecoin UST Crashes 60% to 35 Cents
Dollar stablecoin UST plunged substantially on Wednesday to below 40 cents, as its sister token Luna also sank 80% to $5. UST, a stablecoin pegged to the value of the dollar, plummeted more than 60% t...
Hacked stablecoin Beanstalk seeks to borrow $77 million to revive itself
The team behind the stablecoin Beanstalk is raising $77 million in an over-the-counter loan from private investors as it seeks to revive the project following a major hack last month. On May 7, the Be...
Shiba Inu gives update on new developments, including the SHI stablecoin
A blog post from Shiba Inu gives an update on ecosystem developments per ‘Riyoshi’s Vision.’ Riyoshi is the project’s anonymous founder who claims to hold 0 $SHIB tokens, as doing so would affect his ...
As Terra’s Dollar Stablecoin UST Collapses, LUNA Falls 97% to Under $1
In what will surely be a historic week in stablecoin history, Terra’s LUNA, the currency that backs its dollar-pegged stablecoin UST, has slid beneath a dollar at the time of writing. No, we haven’t ...
Terraform Labs CEO Do Kwon Outlines Terra’s Path Forward for LUNA, UST Stablecoin
Do Kwon, the founder and CEO of Terraform Labs, has broken his Twitter silence to reveal the Terra network’s next steps in the wake of this week’s crash. “I understand the last 72 ho...
BlackRock And Citadel Deny Trading Cratering Stablecoin
Signage outside Blackrock headquarters in New York, U.S., on Wednesday, Oct. 13, 2021. © 2021 Bloomberg Finance LP Asset manager BlackRock and hedge fund giant Citadel Securities have denied trading t...
Maker’s MKR Token Surges 30% and Stablecoin DAI Leapfrogs UST
Maker’s governance token MKR spiked more than 30% overnight, and its stablecoin DAI also benefited from the continued meltdown of Terra’s UST stablecoin, which slipped as low as $0.30 in the early hou...
US Treasury Secretary Yellen points to UST slip, asks for new stablecoin legislation by the end of 2022
Treasury Secretary Janet Yellen is still calling for stablecoin legislation by the end of the year. In response to questioning on stablecoins from Senator Pat Toomey (R-PA) at a May 10 hearing, Yellen...
Do Kwon Outed as Co-Founder of Previous Failed Stablecoin Project
Key Takeaways Terra founder Do Kwon has been revealed to be the identity behind “Rick Sanchez,” one of the anonymous co-founders of Basis Cash. Basis Cash was modeled on Basis (previously ...
What Is Terra? The Algorithmic Stablecoin Protocol Explained
Stablecoins are assets pegged to the price of a single asset, typically a fiat currency such as the dollar. The first generation of stablecoins, such as Tether, maintain their price using a basket of ...