The stablecoin world is once again facing uncertainty as the world’s second-largest stablecoin, USD Coin (USDC), faces a potential black swan event that could lead to the collapse of the entire stable...
Tag: USTs
Here’s the full scope of UST’s de-pegging on the stablecoin market
Following the collapse of TerraLUNA in May, never-before-seen attention has since been placed on stablecoins. In fact, there are many who still harbor doubts about the ‘stability’ of this class of cry...
ViaBTC Capital | After UST’s Fall, Can NEAR’s Stablecoin USN Avoid a Similar Death Spiral?
Background In May 2022, UST and LUNA, which once recorded a total market cap of over $40 billion, collapsed overnight, and plenty of users suffered huge losses as a result. Following the crash, algori...
Terraform Labs Whales Dumped LUNA on Retail Before UST’s Depeg
Anders Helseth, a Senior Analyst at Arcane Research, filed an entry on May 30th, claiming that Terraform Labs dumped LUNA tokens on retail users during the collapse of UST. If the Terra Ecysostem was ...
Terra [LUNA]: Nansen’s report reveals new information on UST’s depegging fiasco
Latest report stated that the Terra crash earlier in May was not caused by a single hostile party. Rather a total of seven wallets were flagged by Nansen researchers as they studied on-chain data from...
This Ukrainian Lost All Family Money Due to UST’s Collapse (Report)
The Terra fiasco has had terrible consequences for numerous investors around the globe. One of them was reportedly the Ukrainian citizen – Yuri Popovich – who invested approximately $10,000 (all his f...
The long waves in the aftermath of UST’s crash
The main mission of the bill is to prevent the U.S. Department of Labor from limiting the types of investments The platform will help users actively report and discuss fraud cases UST Price at the tim...
The long waves in the aftermath of UST’s crash, May 16-23
It’s been two weeks since the shock of the TerraUSD (UST) depegging, but the long waves of this event are still coming in. The Congressional Research Service described the UST crash as a “run-like” sc...
Post UST’s depegging fiasco, data seems to suggest returning interest in stablecoins
Stablecoins, in general, suffered immensely post the TerraUSD (UST) de-pegging event. This event saw UST drop from its once-stable $1 parity to today’s $0.06 per UST. Now, to refill that lost trust, t...
This may be the white swan to the black swan of UST’s crash
UST’s crash was the black swan event which confirmed that crypto-winter is here. Additionally, the market’s failure to register significant recovery further enforced this conclusion. Investors are now...
Depegging debacle: Is DEI, hybrid algorithmic stablecoin, following UST’s footsteps
Following the decimation of Terra’s UST and a temporal depegging of Tether’s USDT, Deus Finance (DEI) is the latest to suffer the same fate. The meltdown of the stablecoins Currently valued at over $...
With UST’s depegging ‘LUNA-cy’ out in the open, regulators begin to get jittery
“You get regulated!” “You get regulated!” “Everybody gets regulated!” The Terra LUNA crash that led to the bleeding cryptocurrency market of $830 billion in market value has led regulators to question...
Luna Foundation Guard Breaks the Silence and Reveals How Much Was Spent to Defend UST’s Peg
The Luna Foundation Guard (LFG) finally broke the silence and revealed exactly how much they spent to defend the UST peg throughout the events of last week. As CryptoPotato reported, UST – the algorit...
Why UST’s crash has experts talking and taking different sides
LUNA and UST both are showing signs of recovery after recent collapses, with the same sending shockwaves across the industry. Several experts believe that Terra founder Do Kwon is responsible for the ...
Binance CEO Changpeng Zhao disappointed with how Terra handled UST’s collapse
Binance CEO Changpeng Zhao has weighed in on the collapse of the stablecoin TerraUSD (UST) and its related token Luna (LUNA). “I am very disappointed with how this UST/LUNA incident was handled ...
UST’s Depeg and LUNA’s Demise, Crypto Markets Lose $500 Billion
This was the most eventful week in many months, but, unfortunately, the end result was that $500 billion were wiped off the total cryptocurrency market capitalization. Terra’s ecosystem was at the for...
Was Terra Crashed Deliberately? Citadel Securities, Blackrock, Gemini Deny Role In UST’s Depeg ⋆ ZyCrypto
Advertisement     Following UST’s collapse, narratives of a shadowy conspiracy involving top-notch hedge funds hell-bent on bringing down the stablecoin have been maki...
UST’s Creator States Way Forward as Anchor Proposes Reduction in the Stablecoin’s Yield – crypto.news
UST developer Do Kwon has posted a series of tweets explaining the way forward for the stablecoin after recent events. He mentioned some plans to ensure UST recovers after dropping to merely 50% of it...
What does UST’s depegging mean for crypto? An Expert’s view
An eventful week this was in crypto matters, with the highlight of the pain being the collapse of Terra’s LUNA and algorithmic stablecoin TerraUSD (UST). The token’s crash, which has LUNA virtually at...
UST’s peg weaker as compared with Djed’s USD peg as per Charles Hoskinson
Cardano chain founder Charles Hoskinson has proposed a clarification to the present breakdown of Terra’s stablecoin The organizer behind IOHK asserted that Cardano-based stablecoin Djed is all around ...
Charles Hoskinson Explains How Djed’s USD Peg Is Stronger Than UST’s
Yuri Molchan Cardano founder believes that Djed stablecoin cannot lose its USD peg, unlike Terra’s UST; here’s why Charles Hoskinson, founder of IOHK and Cardano chain, has suggested an ex...
UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Luna Foundation Guard (LFG)’s proposed cry...
Janet Yellen Says UST’s Collapse Illustrates Risks to Financial Stability
Alex Dovbnya Terra imbroglio has gone all the way to a congressional hearing During a congressional hearing organized by the Senate Banking, Housing and Urban Affairs Committee, U.S. Treasury Secretar...
Stablecoin Regulation On Horizon After UST’s Recent Loss – Coinpedia – Fintech & Cryptocurreny News Media
In the payments market, stablecoins are increasingly considered as a possible alternative to fiat currencies. Regulators and central bankers, on the other hand, view them as a financial threat because...
Terra: Amid news of UST’s depegging, here’s how the future looks for LUNA
Imagine trying to escape the volatility madness that plagues the cryptocurrency market by holding a stablecoin. You know that stablecoins usually peg their market value to some external reference such...
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...
After UST’s success, a new race for L1 stablecoins is here
The demand for efficient money markets is so high that not even the inflation rate at 8.5% is diminishing it. That’s by how much the dollar lost its purchasing power compared to a year ago. Yet, stabl...
Here Are The Three Factors That Might Push Forward Terra UST’s Demand
A Terra supporter has highlighted three protocols that may boost its UST stablecoin demand. Luna Studio signified and talked about all the anticipated protocols in a lengthy Twitter thread. ...
Terra: Despite UST’s $2B reserves, why is LUNA having a bad day
For investors looking for a refuge as their portfolios started to bleed, Terra [LUNA] looked like a safe bet. However, at press time, LUNA too seemed to be celebrating a Game of Thrones-style red wedd...
Luna Foundation Guard buys $100 million in AVAX for UST’s reserve
The Luna Foundation Guard (LFG), a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced Thursday that it will buy $100 million worth of AVAX tokens from the Avalanche ...
Do Kwon reveals plan to increase UST’s bitcoin reserve to $3 billion
The Luna Foundation Guard (LFG) has raised $2.2 billion for its bitcoin reserve and hopes to hit $3 billion in the short term, with a longer-term goal of $10 billion, Terraform Labs CEO Do Kwon said i...
OpenSea shows promising start to February despite UST’s money laundering jitters
Opensea saw a record breaking monthly volume of $4.9 billion OpenSea raised $780,209,290.88666 in just the first five days of February Monthly Volumes could cross $15 billion in February, experts pre...