During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital ass...
Tag: Stablecoin
Stablecoin Dominance Grows As Crypto Assets Are Obliterated
As the market has plunged into chaos with the recent crash, stablecoins have once again become the unlikely winners of the day. Cryptocurrencies in the market have all been shedding their values at a ...
UST Stablecoin Falls To $0.30 Overnight as Terra’s Market Woes Continue
The Terra network’s native algorithmic stablecoin TerraUSD (UST) has plummeted more than 45% over the past 24 hours. On Wednesday morning it plunged as low as $0.2998, according to data from CoinMark...
The Attacker of UST Stablecoin Made Rich Profits, Here’s How
Since the beginning of the week, Terra’s UST stablecoin has seen a major crash de-pegging from the USD. At the same time, Terra’s native cryptocurrency LUNA has corrected by over 80% in the last four ...
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy – Bitcoin News
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital ass...
UST stablecoin regains some ground as crypto sentiment improves
The price of Terra’s algorithmic stablecoin, TerraUSD (UST), regained some of its losses against the US dollar on Tuesday, having dropped as low as $0.61 amid weakening sentiment in the broader crypto...
US Treasury Secretary reaffirms need for stablecoin regulation following UST crash
United States Secretary of the Treasury Janet Yellen called on U.S. lawmakers to develop a “consistent federal framework” on stablecoins to address risks to financial stability. In a Tuesday hea...
In what ways now Luna Foundation Guard is seeking to fund the crash pegging of UST stablecoin?
Amidst the tough situation that the market is going through, some digital assets seem to have the worst effects of all; Terra’s UST stablecoin is such an example The non-profit organization of Terra n...
U.S. Treasury Secretary Janet Yellen Calls for Stablecoin Regulation Amid UST Drama
Janet Yellen, the secretary of the United States Treasury, said on Tuesday that there is a need for stablecoin legislation, while noting that TerraUST (UST) is risky. Secretary Yellen Speaks On Stable...
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...
Terra’s UST Stablecoin Falls Below the Dollar Tumbling LUNA’s Price – crypto.news
TerraUSD lost its value over the past weekend and fell to around $0.65 on Monday. It was the second time in three days that the currency had slumped below the $1. Since then, it has been trying to rec...
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...
Stablecoin Regulation On Horizon After UST’s Recent Loss – Coinpedia – Fintech & Cryptocurreny News Media
In the payments market, stablecoins are increasingly considered as a possible alternative to fiat currencies. Regulators and central bankers, on the other hand, view them as a financial threat because...
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco – Regulation Bitcoin News
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten th...
Treasury’s Yellen Highlights Terra Collapse in Call for Stablecoin Legislation
Treasury Secretary Janet Yellen today said that stablecoins need to be regulated by this year. In a hearing Tuesday, Secretary Yellen said that although digital assets may “promote innovation,” they c...
Yellen Echoes Stablecoin Warning Citing UST Crash
Key Takeaways Treasury Secretary Janet Yellen has once again said that the U.S. needs to regulate the stablecoin market. Yellen noted UST’s recent depeg event in which the stablecoin crashed ami...
Avalanche founder claims only one algorithmic stablecoin can succeed – defends Terra’s UST
The founder of Ava Labs, Emin Gün Sirer, has offered his opinions on the crash of Terra’s algorithmic stablecoin, UST. According to Gün Sirer, there is a need for decentralized algorithmic stablecoin...
After TerraUSD (UST) Depegging, Macro Guru Raoul Pal Says Stablecoin Regulation Could Be Coming
Macro guru and Real Vision CEO Raoul Pal says the recent issues with Terra’s algorithmic stablecoin, UST, may lead to new stablecoin regulation. In a new interview with Bankless, the former Goldman Sa...
How Crypto’s Crash Broke The Buck For TerraUSD
Do Kwon, co-founder and chief executive officer of Terraform Labs, in the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Kwon is counting on the oldest cryptocurrency as a ...
As Prices Plummet, Tron Buys 500 Bitcoin For Its Stablecoin Reserve
Tron founder Justin Sun said on Tuesday that the blockchain had capitalized on a recent drop in Bitcoin (BTC) prices and bought 500 tokens. The tokens were purchased for $15.5 million, representing an...
Terra Stablecoin UST Makes Significant Recovery, Now Trading Above $0.90
– Advertisement – After Yesterday’s Decline, Terra Stablecoin UST Has Made Significant Recovery As The LFG Raises An Additional $2B From Investors. The price of the Terra stable coin (US...
UST Stablecoin Declines as Crypto Market Plunges
Terra’s stablecoin UST drops to its all-time low as the crypto market takes a swing lately. The coin, which was supposed to be close to $1, dropped to the $0.70 level, despite the large sum funneled i...
Terra (LUNA) Collapses 60% as UST “Stablecoin” Drops Below $0.7
Alex Dovbnya Terra’s LUNA has dropped more than 60% in 24 hours Contents Not decentralized Making things worse Terra’s LUNA plunged to as low as $23.50 on the Binance exchange earlier today before r...
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 ...
Sharp Interest Rate Spikes and Stablecoin Runs Risk to US Economy
The United States Federal Reserve (Fed) has warned that a spike in interest rates and stablecoins could pose risks to the U.S. economy. The report contains the Fed’s assessment of the resiliency of t...
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...
Latin American Exchange Bitso Launches Bitcoin and Stablecoin Yield Feature
Cryptocurrency exchange Bitso has announced Bitso+, a feature for customers seeking to earn yields on digital assets. The Mexico City-based exchange, which serves Latin America and with over 4 million...
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...
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 ...
Stablecoin CRASH! Terra UST crashes amid Bitcoin Bear, what happened?
The Terra foundation had a successful launch of its stabelcoin UST. However, when the crypto market started to crash, Terra entered hot waters as UST loses its peg and slips to a current price of $0.8...