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...
Tag: Terras
What Terra’s Meltdown Means for Centralized Stablecoins Tether and USDC
As the market panics over the implications of Terra’s UST losing its dollar peg, questions have been raised about its asset-backed stablecoin competitors, Tether and USD Coin. Tether (USDT) and USD C...
Cardano’s Hoskinson Claps Back at Terra’s Kwon Over ‘Negative Correlation’ Tweet
Cardano founder Charles Hoskinson took a swipe at Terra founder Do Kwon as the price of Terra’s Terra (LUNA) token crashed to $24 and the TerraUSD (UST) stablecoin depegged to $0.70 yesterday, before ...
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...
Stress Test for LUNA & UST, Is it a Maximalist’s Co-ordinated Attack or Terra’s Peg-Mechanism Failure?
The crypto space witnessed yet another brutal attack as the star crypto fell beneath $30,000 for the first time after the July 2021 crash. The price marked its 2022 lows at around $29,730 and quickly ...
Terra’s LFG To Provide $1.5B In BTC And UST To OTC Traders: To Protect Stablecoin’s Peg
The LFG has signified that it would lend out BTC and UST to protect the stablecoin’s peg to the dollar. Recently the UST saw an attack that led to the de-pegging for a brief duration. You ...
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 ...
Terra’s LFG To Loan 750M UST To Accumulate Bitcoin As Crypto Market Loses Over $170 Billion In A Day ⋆ ZyCrypto
Advertisement     The Luna Foundation Guard (LFG) announced today that it would be deploying $1.5 billion in capital aimed at protecting Terra’s UST reserves even as t...
Terra’s UST looses value to USD yet again
Terra’s UST stablecoin momentarily lost its stake to the dollar recently The strengthened selling strain and getting interested had come as a shock to many Terra’s UST lost its stake to the U.S. doll...
Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg
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...
Serious ‘Ripple’ Warning After Massive $400 Billion Crypto Crash Suddenly Plunges Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Terra’s Luna And Avalanche Into Free Fall
Bitcoin BTC , ethereum and other major cryptocurrencies have suddenly crashed, wiping $400 billion from the combined crypto market since Friday. Subscribe now to Forbes’ CryptoAsset & Blockc...
Terra’s Prudent Steps to Protect Its Ecosystem from Market Variability
2 hours ago | 2 mins read Terra (LUNA) News Lending BTC and UST to maintain consistency in LFG Reserve Pool. Attain a $10 Billion BTC target by the 2022 third quarter-end. The LFG, the company backing...
Terra’s UST in free fall, drops 200 basis points against the dollar
Fears that TerraUSD (UST) will de-peg following weekend volatility have increased after it fell below $0.980. The algorithmic stablecoin saw increased sell pressure on May 7 as more than $300 million ...
Terra’s LUNA Declines 10% Amid UST Depegging Concern
Terra’s native token, LUNA, since yesterday has plummeted about 10% to $65.80 on fears that Terra’s stablecoin UST, propped up mainly by LUNA, may lose its peg. Stablecoins are cryptocurrencies pegged...
Terra’s LFG to Deploy $1.5B to “Protect the UST Peg”
Key Takeaways The Luna Foundation Guard will loan $750 million worth of Bitcoin and 750 million UST to market makers to help stabilize UST. It comes after UST lost its peg early Sunday due to intense ...
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...
Cardano Set to Onboard Game-Changing Algorithmic Stablecoins, Rivaling Terra’s UST ⋆ ZyCrypto
Advertisement     The concept of algorithmic stablecoins has recently created quite a buzz in the crypto space with Terra’s UST at the center of many chatters. It appe...
Terra’s LFG Leaps Into Top 10 Largest Bitcoin Whales With An Extra $1.5 Billion BTC Buy ⋆ ZyCrypto
Advertisement     Several pundits believe that traditional finance will utilize Bitcoin as a reserve currency in the future. While institutions like the Swiss National...
Terra’s LFG Acquires $1.5B More Bitcoin—With 3AC’s Help
Key Takeaways Terra’s Luna Foundation Guard has bought more than 37,000 more Bitcoin. The value of Terra’s UST stablecoin is backed in part by its Bitcoin reserves. Terraform Labs’ C...
‘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...
Curve Token (CRV) Surges 17% On Terra’s “4Pool” Launch
The Curve DAO Token (CRV) surged over 17% in the last 24 hours as Terra launched it ambitious “4pool” liquidity pool on the DeFi platform. CRV has become the top gaining token among the top 100 crypto...
Why Terra’s Anchor Protocol Changed Earn Rate To 18% APY
Anchor Protocol, one of the most popular platforms in the Terra ecosystem, rolled out a change in its Earn Rate. The latter will begin to operate in a semi-dynamic fashion rather than the previously f...
Terra’s Largest DeFi Platform Just Cut Yield Rates, Here’s Why:
Anchor Protocol, the largest DeFi platform on Terra, recently reduced its annual yield rates in a bid to improve the platform’s sustainability. The move comes after users approved a proposal in March ...
IntoTheBlock: Terra’s LFG Amongst Top Initial Bitcoins (BTC) Owners
Wallets having 1,000-10,000 bitcoins (BTC) are most likely engaged in the transaction. A figure from the IntoTheBlock team indicates a considerable growth in the number of Bitcoin (BTC) wallets in the...
Terra’s $10 Billion Plan For UST’s Bitcoin Reserve ⋆ ZyCrypto
Advertisement     Following Do Kwon’s latest tweets, and Terra’s recent Bitcoin buys, it is evident that he aims to bring UST’s Bitcoin reserve to $10 Billion. Do Kwon...
Bitcoin And Crypto Now Braced For A $9 Trillion Fed Earthquake As The Price Of Ethereum, BNB, Solana, Cardano, XRP, Terra’s Luna And Avalanche Crater
Bitcoin BTC and cryptocurrency prices have fallen along with stock markets this year as investors brace for a more hawkish Federal Reserve. Subscribe now to Forbes’ CryptoAsset & Blockchain ...
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...
Terra’s DeFi Value Hits Record-High $21.8 Bln, What It Means For Luna:
Terra, the second-largest DeFi blockchain, saw its total value locked (TVL) jump to a record high on Tuesday amid an increasing number of deposits. Data from DeFi Llama showed that TVL on the Terra bl...
Terra’s Stablecoin Added as Base Currency to Binance.US
Alex Dovbnya Binance.US, the American subsidiary of the top cryptocurrency exchange by trading volume, has become the latest exchange to add Terra’s UST as a base pair Binance.US has made an ann...