Luna Foundation Guard (LFG) said on May 9 that it will lend out $1.5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the U.S. dollar. Terra’s UST suffered a coordi...
Tag: Stablecoin
Luna Foundation Guard Loans $1.5B in Bitcoin, UST to Protect Stablecoin
Drastic times call for drastic measures. And today, the Luna Foundation Guard (LFG), a non-profit supporting all things Terra (LUNA), has voted to lend $1.5 billion in crypto to protect its native sta...
As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93 – Bitcoin News
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.9...
UST stablecoin struggles to maintain $1 parity amid crypto market turbulence
The algorithmic stablecoin UST, which is part of the Terra crypto ecosystem, is struggling to maintain parity with the dollar following a Saturday market event. During the market event, the price of U...
TerraUSD Stablecoin Plunges Below $0.95
Key Takeaways The price of TerraUSD has fallen below $0.95, an amount five cents lower than the coin’s intended $1.00 price peg. The stablecoin’s price began to slip on the weekend, then r...
New data regarding stablecoin activity says this about the market sentiment
The crypto market is facing a testing start to May. With the Feds announcement, the market has faced two major dips already with the latest being a 3.7% dip. Amidst this, there has been yet another st...
Tron DAO Buys $38 Million In TRX: Aim Is To Safeguard The USDD Stablecoin
Tron’s USDD rolled out recently and has gained significant popularity since then, with listing on several DeFi protocols. And recently, the Tron DAO highlighted his purchase of TRX in reserve to...
Cardano’s (ADA) First Algorithmic Stablecoin Goes Live on Public Testnet
Ethereum competitor Cardano (ADA) has teamed up with blockchain payments ecosystem COTI to launch a new algorithmic stablecoin. In a new blog post, COTI says that Djed, the first-ever algorithmic stab...
LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?
Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST). The LUNA/USD pair dropped 20% between May 7 and May 8, hitting $61, its worst level in thr...
Terra Ecosystem Faces Pressure as Stablecoin Depegs
Key Takeaways Terra’s UST lost its peg to the U.S. dollar again this weekend, dipping as low as $0.985. The depeg event came after a series of multi-million dollar UST selloffs. UST posted a sli...
Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD – Bitcoin News
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve ann...
Tron: Stablecoin USDD went live this week, here’s how TRX reacted
TerraUSD’s (UST) growth over the last couple of weeks has brought a shift of sorts in the stablecoin world, with people now realizing the importance of decentralized stablecoins. Tron brings USDD Tron...
The United States turns its attention to stablecoin regulation
The United States continues to be a global leader in embracing the cryptocurrency industry thanks to the work of Sen. Patrick Toomey, with the White House being at the forefront of crypto regulation. ...
Djed emerges as a Cardano stablecoin following public testnet launch
Payment solutions firm COTI has launched its Djed stablecoin public testnet for the Cardano chain. “We are excited to announce that after months of intense work along with the Cardano team, the public...
Justin Sun’s Tron Nabs Big Names For Its $10 Bln Stablecoin Reserve
The Tron blockchain’s plans for a decentralized reserve appear to be gathering interest from several major players in the crypto industry. Tron’s algorithmic stablecoin, USDD, began trading earlier th...
Tron USDD stablecoin goes Live! Buy TRX before it MOONS +100%?
In the midst of the crypto crash, Tron managed to increase by more than 25% in prices. The reason for this increase is not only technical. Tron announced the launch of their algorithmic stablecoin cal...
Luna Foundation Buys Additional Bitcoins Worth $1.5B as UST Stablecoin Reserves
The Luna Foundation Guard completed a $1 billion OTC swap with crypto prime broker Genesis Global Trading and the remaining $500 million worth of Bitcoins from crypto hedge fund Three Arrows Capital. ...
Another New Stablecoin? This Blockchain Will Compete With Terra, Near
After Tron and NEAR Protocol announced decentralized algorithmic stablecoin plans, IOST has now joined other crypto platforms to dive into the algorithmic stablecoin space. The success of Terra’s UST ...
Djed emerges as the top Cardano stablecoin following public testnet launch
Payment solutions firm COTI has launched its Djed stablecoin public testnet for the Cardano chain. “We are excited to announce that after months of intense work along with the Cardano team, the public...
Tron Blockchain Launches USDD Decentralized Stablecoin by Tron DAO Reserve
Justin Sun, the founder of the Tron blockchain network, said that he has launched a USDD decentralised stablecoin pegged to the US dollar at a ratio of 1:1 through the Tron DAO Reserve in cooperation ...
BREAKING: Luna Foundation Guard (LFG) Purchases $1.5 Billion Bitcoin (BTC) to Boost Its Stablecoin Reserve
– Advertisement – The Luna Foundation Guard (LFG) has made another groundbreaking purchase of Bitcoin (BTC) to bolster its reserve for its native stablecoin dubbed Terra USD (UST). Accord...
Where to buy TRON (TRX) coin: its price is rising amid its USDD stablecoin launch
TRON (TRX) has been in the limelight over the past few days due to its much anticipated USDD stablecoin. Today, TRX has surged by over 5% marking a continuation of a bullish trend that started on 30th...
TRON Promises “Financial Freedom” With Stablecoin Launch
Key Takeaways USDD has launched on TRON, BNB Chain, and Ethereum. The team behind the stablecoin has promised “zero-risk” returns of about 30% APY, and users currently need to engage in &#...
Tron Spikes 6% Ahead of Upcoming Stablecoin Launch
Tomiwabold Olajide Algorithmic stablecoin is scheduled to be issued and enter circulation on May 5 According to CoinMarketCap data, TRX has risen in value over the last 24 hours as Tron prepares for t...
‘Revolution’ Promised by Tron’s Justin Sun Looks Like Clone of Terra’s Algorithmic Stablecoin
JustLend, the biggest of the three, has $1.9 billion of deposits, but only $67 million borrowed, meaning that only 3.5% of the funds are actually used. JustStables, a DeFi system that already issues a...
Crypto Gets A Unique Stablecoin, Here Comes EURST From Wallex
Stablecoins are not a new phenomenon in the market. They are now part of every single aspect of the crypto industry. There have however been concerns about these stablecoins and their longevity in the...
TRON (TRX) Prices Jump 11% On Stablecoin Hype
The TRON (TRX) token is the biggest gainer among top cryptocurrencies in the past 24 hours, ahead of the launch of a new stablecoin. The TRX token price has surged by over 11% in the last 24 hours. Th...
Why Bitcoin And Stablecoin Dominance Is On The Rise
Bitcoin and the crypto market are back in the red. The first crypto by market cap records a 2% loss in the last 24-hours and could push other digital assets into critical support zones. Related Readin...
Stablecoin DEX Saddle Finance hacked for $10 million
Saddle Finance, a decentralized exchange for trading stablecoins, was hacked in a DeFi exploit today. The unknown hacker carried out the exploit at 07:40 AM UTC and netted over $10 million in ether cr...
These Banks Manage the Dollar Reserve Backing This Stablecoin
Stablecoins have maintained a strong growth momentum against the occasionally frustrating crypto market. Recently, the TUSD-TRX pool on the decentralized trading platform SunSwap has yielded up to 12%...
Terra’s LUNA Tumbles, Why This Could Be Bad For The UST Stablecoin
Terra’s native token LUNA slumped over the past week as a broader downturn in the crypto market hit the token particularly hard. It is the among worst performing tokens among the top-10 cryptocurrenci...