Popular decentralized app platform NEAR is winding down its native USN stablecoin, citing a number of problems since its shift to a non-algorithmic, Tether-backed version. USN launched in April as a v...
Tag: Terralike
Latest Draft of US Crypto Law Would Temporarily Ban Terra-Like Stablecoins
Leaders of the House Financial Services Committee continue to negotiate the terms of a proposed bill to regulate cryptocurrency, even as the window to act draws increasingly narrow heading into the mi...
United States: Will this new bill ban Terra-like stablecoins for 2 years
A recent Bloomberg report stated that upcoming legislation would ban algorithmic stablecoins such as TerraUSD that collapsed in May this year leading to a global crypto crash. The said bill is current...
U.S. House Bill Wants to Save Investors from Terra-Like Stablecoins
A stablecoin bill drafted in the United States House of Representatives would place a two-year ban on algorithmic stablecoins similar to TerraUSD, which are not backed by outside assets like cash and ...
What’s this new emergency system that Korean exchanges agreed to rely upon to prevent Terra-like collapse?
Fall of Terra (LUNA) network has brought skepticism not just among investors; rather crypto exchanges are also facing the same and making efforts for its prevention. Among the numerous efforts m...
More Terra-Like Crashes? Ripple CEO Predicts There May Only Be Scores Of Cryptos Left In The Future ⋆ ZyCrypto
Advertisement     Since the Terra ecosystem crash that rocked the crypto space last month, the spotlight of key industry players has remained on the viability of crypt...
South Korea’s top exchanges seek to prevent another Terra-like crash
? Want to work with us? CryptoSlate is hiring for a handful of positions! The top five crypto exchanges in South Korea have decided to form a consultative body that will prevent a situation similar to...
Tron (TRX) Founder Justin Sun Unveils Plan To Secure USDD Stablecoin From Terra-Like Collapse
Tron (TRX) founder Justin Sun doesn’t want the Decentralized USD (USDD) stablecoin to become the next TerraUSD (UST). Last month, algorithmic stablecoin UST lost its peg to the US dollar and collapsed...
Justin Sun’s Terra-like Stablecoin Now Boasts Backing in Bitcoin, Tether, Tron
Created as an algorithmic stablecoin, Justin Sun’s Terra-like stablecoin USDD is now shifting gears towards a hybrid model with improved transparency. USDD is now reportedly over-collateralized with ...
Tron Wants to Avoid Terra-Like Disaster
Alex Dovbnya Tron’s algorithmic stablecoin has now switched to the hybrid model Tron founder Justin Sun recently told Bloomberg that USDD (USDD) stablecoin would be modified in order to avoid a Terra-...
South Korea Plans to Establish Crypto Regulatory Policies to Prevent Another Terra-like Crash
A week after South Korea’s Financial Services Commission (FSC) called for a global alliance to work together to scrutinize cryptocurrencies, the country said it plans to set up regulatory policies for...
Tron Becomes DeFi’s Third-Largest Blockchain Thanks to Terra-Like Stablecoin
Tron, the Justin Sun-led blockchain launched in 2018, is now DeFi ‘s third-largest blockchain in terms of total value locked (TVL). According to DefiLlama, the total value locked (TVL) across Tr...
Near Protocol eyes a Terra-like price rally after new $350M funding raise
Near Protocol (NEAR) has rallied by almost 30% after announcing on April 6 that it had raised $350 million in a funding round led by Tiger Global, a New York-based hedge fund. NEAR price eyes 100% pr...