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...
Tag: UST
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...
How Terra Is Using Its Bitcoin Reserves To Keep UST Stable
Terra, through the Luna Guard Foundation (LFG), has been purchasing bitcoin to use as reserves for its UST stablecoin. This has gone well according to plan and out of the $10 billion worth of bitcoin ...
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 ...
Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity – Bitcoin News
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down t...
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...
Luna Foundation Guard Deploys $1.5B to Defend Troubled UST Peg
The Luna Foundation Guard (LFG), a non-profit organization supporting all things Terra, has recently announced that it will lend $1.5 billion to protect the peg of its algorithmic stablecoin UST amid ...
LGF Is Set To Deploy Whopping $1.5B In Bitcoin To Support UST Peg
In the midst of the Cryptocurrency market crash, the Luna Foundation Guard (LFG) plans to give out thousands of millions of worth of Bitcoin in order to support Terra USD’s peg to the US dollar. The L...
What is terraUSD (UST) and how does it affect bitcoin?
Pedestrians walk past a display of cryptocurrency Bitcoin on February 15, 2022 in Hong Kong, China. Anthony Kwan | Getty Images A multibillion-dollar bet that bitcoin can act as a “reserve curre...
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 Foundation to Loan $1.5B in BTC and UST to Defend Stablecoin’s Peg
This isn’t the first time UST has lost its peg. But the controversial algorithmic stablecoin de-pegged yet again just days after the Luna Foundation Guard (LFG), the organization backing it, purchased...
LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion worth of capital to “help protect” Terra USD’s (UST) p...
Terraform Labs CEO Explains UST Depegging as LUNA Prices Plunge
The hottest stablecoin ecosystem in the crypto industry has shown signs of floundering over the weekend as UST dropped its peg and LUNA prices plunged. Weekend transaction data has revealed that Terra...
Luna Foundation Guard Takes Corrective Measures to Protect UST Peg, Here’s How
The Luna Foundation Guard has once again come forward announcing some key measures to safeguard the Bitcoin peg for its native UST stablecoin. Last weekend turned out to be a major nightmare for Terra...
285 Million UST Sold by Single Wallet on Curve and Binance Triggers Huge Outflows
Tomiwabold Olajide LUNA supporters, however, believe that this might be a “deliberate and coordinated attack” A single wallet has dumped a massive 285 million UST onto Curve and Binance, r...
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 (LUNA) Plunges 14% as UST Briefly Loses Its Peg
Alex Dovbnya Terra’s biggest stablecoin briefly lost its peg. Supporters claim it was a coordinated attack, but critics disagree The price of Terra (LUNA) has plunged more than 14% over the last 24 ho...
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...
Luna Foundation Guard buys additional $1.5 billion in bitcoin backing for UST
The Luna Foundation Guard (LFG), a nonprofit created to support the Terra ecosystem, announced the purchase of $1.5 billion worth of bitcoin (BTC) for its stablecoin reserves on Thursday. According to...
3 Stablecoins Positions in Top 10 Crypto Economy’s, TerrsUSD (UST) Enters 10th Position
Since March 27, more than 21% of the fiat value of digital currencies has been chopped. While all crypto assets have lost around 0.8 percent in the previous 24 hours, bitcoin has lost 9.4 percent sinc...
Terra: From UST to TVL, all the reasons why LUNA might be gearing up for a rally
Terra (LUNA) has extended its Bitcoin buying spree, becoming the second-largest corporate holder of the top cryptocurrency. As per this acquisition, the Luna Foundation Guard (LFG) purchased $1.5 bill...
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. ...
Luna Foundation Purchases Additional $1.5B in Bitcoin to Bolster TerraUSD (UST) Reserve
The Luna Foundation Guard (LFG), a non-profit and the team behind Terra (LUNA) announced today that it has purchased an additional 37,863 bitcoins worth $1.5 billion to bolster its UST stablecoin rese...
USD Coin [USDC] vs TerraUSD [UST]- Investors can consider this winner
It seems like the armies are gearing up for a battle of stablecoins. Looking at the top ten cryptos by market cap, it’s clear that Tether [USDT] reigns supreme. However, USD Coin [USDC] is the fifth b...
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...
1xBit to Support Luna and UST as Payment Methods – crypto.news
22 April 2022, Limassol, Cyprus — 1xBit, a crypto casino platform famous for its pioneer approach to crypto gambling, recently made an addition to Terra’s altcoins. With the inclusion of Luna and Terr...
Terra (LUNA) Community Unveils Three Drivers of UST Demand
Vladislav Sopov Terra (LUNA) ecosystem enthusiasts named three protocols that can catalyze demand for Terra’s UST stablecoin Contents Leveraged trading, collateralized options, FX: Potential cat...
1xBit to Support Luna and UST as Payment Methods
Place/Date: Limassol, Cyprus – April 22nd, 2022 at 3:28 pm UTC · 3 min read Contact: Anastasia Semenova, Source: 1xBit 1xBit, a crypto casino platform famous for its pioneer approach to crypto g...
1xBit adds Luna and UST as payment methods
There is an increasing acceptance of cryptocurrencies globally, which favors platforms that adopt such payment methods. 1xBit stands out from the other betting platforms today because it includes cryp...