As the cryptocurrencies like Bitcoin, Ethereum among others are known for their steep volatility, there is another asset class called Stablecoin and this is known for its least volatility due to its p...
Tag: UST
Do Kwon tweets out plan for rebuilding UST peg
Following on from the death spiral for UST and Luna, affecting the entire Terra ecosystem, Do Kwon has finally tweeted out a plan which he hopes will eventually return UST to its peg and bring much re...
Luna Nosedives Under $2, Loses 98% Of Its Value As TerraUST Struggles To Regain Its Dollar Peg
Do Kwon, co-founder and chief executive officer of Terraform Labs, poses in the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Photographer: Woohae Cho/Bloomberg © 2022 Blo...
UST Woes Threaten The Trust Of Algorithmic Stablecoins ⋆ ZyCrypto
Advertisement     Terra’s UST, since its launch, has been the center of much attention as the crypto world remains divided on the feasibility of the initiative. With r...
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...
Luna Foundation Guard Seeks Funding as UST Crashes From Peg Again
The Luna Foundation Guard (LFG) has been battling to shore up its beleaguered UST stablecoin, which has crashed from its dollar peg yet again. If a massive crypto market slump wasn’t bad enough, the w...
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...
LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’ – Markets and Prices Bitcoin News
Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the UST stablecoin losing parity with USD, prices have plunged, falling to a new low this morning....
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...
Crypto Twitter Reacts to UST Collapse and Market Meltdown
Crypto Twitter was already operating on all cylinders yesterday, as Bitcoin and other top cryptocurrencies plummeted toward lows not seen in over a year. Then Terra’s stablecoin, UST, fell off a cliff...
Luna Foundation Guard Looks To Raise $1 Billion To Shore Up Embattled UST
The Luna Foundation Guard is looking to raise $1 billion from investors as the dollar-pegged stablecoin plummeted to nearly half its value amidst turmoil in the broader market. According to reports, t...
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 Lose Its Peg, Terra (LUNA) Price Crashes More Than 90%! What’s the Recovery Plan?
Over the past few weeks, the cryptocurrency market is trading at an alarming rate dragging almost every cryptocurrency along with it. Among such cryptocurrencies is Terra blockchain’s LUNA. Over the ...
$UST Decline: Here’s U.S. Government’s Quick Response
The UST stablecoin’s dramatic decline in value featured in U.S. Treasury Secretary Janet Yellen’s testimony before the committee on banking, housing, and urban affairs, U.S. Senate, on Tue...
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...
SwissBorg report explains cause of the “death spiral” of UST
The Swiss-based crypto exchange, SwissBorg, has released a report on the risks surrounding Terra’s stablecoin, UST. The token is currently undergoing extreme volatility, trading at just $0.59 at writi...
UST goes rogue, but Neutrino USD [USDN] ‘depeg(s)’ a different story
As Bitcoin crashed below the $32k support level, panic took hold of the market and alt coins began to violently plunge as well. This time, even the stablecoins were not spared as TerraUSD [UST] droppe...
Crypto researcher unpacks why UST broke down and what happens next
Bitcoin traded below $30,000 on Monday, amid market uncertainty brought about by the ‘depegging’ of UST—an algorithmic stablecoin whose value is supposed to remain equivalent to $1. At publicati...
Binance suspends LUNA and UST withdrawals amid market turbulence
Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens as the Terra-based stablecoin struggles to recover its peg to the US dollar. Binance announced the temporary suspensions in a b...
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...
Binance temporarily suspends LUNA, UST withdrawals citing network congestion
As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the...
Why Is Terra Luna and UST Price Dropping? What’s Really Going On? » NullTX
With the recent crypto bloodbath, most cryptocurrencies are down roughly 20% this week. However, Terra Luna has been down over 78% in the past seven days, and its stablecoin TerraUSD (UST) is down ove...
‘Kwontitative easing’ — BTC price hits $43K in UST as Terra empties $2.2B BTC bag
Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price...
Binance Suspends Withdrawals of LUNA and UST
Binance has temporarily suspended withdrawals of the two major Terra blockchain tokens including LUNA, the native token of Terra, and Terra USD (UST), Terra’s flagship algorithmic stablecoin. The exc...
LUNA Nosedives A Staggering 60% As Binance Disables Terra Withdrawals — What’s Next For UST? ⋆ ZyCrypto
Advertisement     Global cryptocurrency exchange Binance announced Tuesday it had suspended withdrawals for Terra’s LUNA and its sister token UST. The firm’s actions c...
The ‘chaos’ check of UST and what lies ahead for its LUNA-tic cost
Stablecoins rose to fame following the trust factor; the value of stablecoins is based on people’s trust in the company holding the collateralized reserve asset. But, that trust may waver on occasion....
Crypto Exchange Binance Temporarily Halts Withdrawal of $LUNA and $UST on the Terra Network ⋆ ZyCrypto
Advertisement     Leading cryptocurrency exchange, Binance has announced a temporary halting of $LUNA and $UST withdrawals. The two digital tokens run on the Terra net...
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...