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 ...
Tag: UST
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation – Bitcoin News
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions...
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation – Coinotizia
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions...
Crypto Community Reacts To Justin Sun’s UST Buy ⋆ ZyCrypto
Advertisement     Justin Sun declared his intentions to buy UST, shortly after the launch of decentralized USD (USDD). From reports, he made a purchase of 1 million US...
Luna Foundation Guard Empties $2.2B Bitcoin Wallet to Save UST
The Luna Foundation Guard (LFG), a non-profit organization aimed at bolstering the Terra blockchain, has recently emptied $2.2 billion worth of bitcoin from its Bitcoin reserve to save the Terra stabl...
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...
Bitcoin (BTC) investors panic as terraUSD (UST) sinks below $1 peg
Bitcoin is now down 50% from its November all-time highs. Artur Widak | Nurphoto | Getty Images Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its i...
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 ...
$2 Billion Bitcoin Sold to Stabilize Crashing UST Dollar – Trustnodes
The dollar stablecoin UST crashed to $0.68 in one of the biggest depeg ever seen in this space. The stablecoin has now somewhat recovered, but it is still down to $0.91 from its supposed $1 per coin e...
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 ...
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 peg mechanism in doubt as UST crashes to $0.67
The third-largest stablecoin by market cap, TerraUSD (UST), appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on Tuesday. As its price has f...
Binance halts UST and LUNA token withdrawals
The price of the Terra (LUNA) cryptocurrency fell 60%, under $25 for the first time since September 2021, as of press time. Following these developments, crypto exchange Binance announced that it was ...
Crypto’s worst week since March 2020 Covid crash – Retail spooked and UST loses peg
A truly torrid week is being experienced by the crypto market as a whole. Bitcoin has fallen 25% so far, and lost 13% amidst frantic selling yesterday. The crypto market had nearly $200 billion erased...
UST falls to $0.65: Luna’s market capitalization plummets 44%
In less than 48 hours, the USD stablecoin TerraUSD (UST) has lost its dollar peg for the second time. The market price for TerraUSD fell to as low as $0.65 on Monday, losing $0.35. The price of LUNA, ...
Binance Halts Terra Withdrawals Amid UST Meltdown
Key Takeaways Binance has halted LUNA and UST withdrawals, citing “high volume of pending withdrawal transactions.” UST spiralled as low as $0.62 on Binance early Tuesday, while LUNA crash...
Market Crumbles As LFG Moves To Defend UST Peg
Luna Foundation Guard has announced that it would take decisive steps to proactively defend the larger Terra economy and the UST Dollar peg. The move comes after its algorithmic stablecoin, TerraUSD, ...
Luna’s BTC Reserves Gone as Exchanges Halt UST Withdrawals Amid Turbulent 24 Hours
The latest move by the cryptocurrency exchange comes after LFG decided to lend $1.5 billion in BTC and UST to defend the latter’s peg. Binance has announced temporarily suspending LUNA and UST tokens ...
Crypto Exchange Binance Suspends Withdrawal of Terra (LUNA) and UST Stablecoins
The UST stablecoin de-peg with the U.S. Dollar has created a storm on Satoshi Street. Earlier today, the UST price dropped to a low of $0.60 de-pegging by a staggering 40% from the Dollar. This has re...
42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on Monday, raising questions about its ultimate destination on a day that has seen Bi...
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...
Terra (LUNA) Getting Annihilated as UST Loses Its Peg
Alex Dovbnya One of the hottest cryptocurrency projects is facing a major test amid market turmoil The price of Terra (LUNA) has dropped by more than 30% in one day, according to data provided by Coin...
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...
LFG Poised to Maintain TerraUSD (UST) $1 Peg as the Organization Reportedly Raises Additional $2 Billion
– Advertisement – Terra is doing everything possible to win back investors’ trust in a bid to bolster the value of its stablecoin back to the $1.00 peg. The Luna Foundation Guard (LFG), ...
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...
UST peg protection on as Luna deploys $1.5b loan in BTC
Luna Foundation Guard will loan $1.5 billion in Bitcoin and UST to proficient market producers It will take UST back to equality with the dollar as it fell on the previous day A few key industry fig...
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...
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...
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...