Stablecoin
Luna Foundation Guard’s Reserve Balance Declines to Zero to Defend UST Peg
Luna Foundation Guard (LFG) has moved all of its reserves to bitcoin exchanges to defend its UST stablecoin’s 1:1 dollar peg. LFG’s reserve balance has declined from 80,394 BTC to zero, and the majority has been deposited onto the Gemini exchange. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
Terraform Labs founder Do Kwon has been revealed as one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash. This comes as TerraUSD (UST) and Terra’s LUNA continue their downward spiral. “The Hash” panel discusses what this means for the fate of UST and the Terra Luna ecosystem. Is history repeating itself?
Crise na Stablecoin UST da Terra se espalha para Neutrino USD no Protocolo WAVES
As stablecoins algorítmicas estão sob pressão depois que o UST da Terra perdeu sua paridade de US$ 1.
UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks
During testimony before the Senate Banking and Urban Affairs Committee on Tuesday, U.S. Treasury Secretary Janet Yellen said the depegging of UST reveals the risks to financial stability and the need for a regulatory framework on stablecoins. CoinDesk's Nikhilesh De discusses Yellen's comments and the outlook for stablecoin regulation.
Yellen’s Stablecoin Warning; China’s E-CNY Plans Looking Shaky
Janet Yellen cites Terra’s UST fiasco while warning over stablecoins. Crypto.com COO warns of tough times ahead for markets. Asian Games postponement, Covid-19 lockdowns affect China’s digital yuan rollout. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Comunidade Anchor envia proposta para restaurar UST Peg
A stablecoin algorítmica TerraUSD caiu drasticamente de seu patamar de US$ 1 nas últimas 48 horas.
UST Backer LFG busca US$ 1 bilhão para reforçar a paridade da stablecoin: Relatório
O financiamento é necessário porque a stablecoin atrelada ao dólar caiu para 60 centavos na segunda-feira em meio à turbulência mais ampla do mercado.
Yellen Highlights UST Woes at Hearing on Financial Risks: Will Stablecoin Regulation Come Sooner Than Later?
U.S. Treasury Secretary Janet Yellen brought up the ongoing distress of the UST stablecoin during testimony before the Senate Banking Committee on Tuesday. This came as UST depegged from the dollar, falling as much as 40% before rebounding. “The Hash” team discusses the news timing as stablecoin regulation comes into focus on Capitol Hill.
UST Stablecoin’s Dollar Peg Collapse: What Happened and Why it Matters
Terra’s algorithmic stablecoin UST lost its dollar peg, falling as low as $0.65 before rebounding. “The Hash” panel discusses what happened, how we got here, why these developments matter and the potential impact on the wider crypto ecosystem.
Fed Issues Stablecoin Warning Amid TerraUSD Collapse
CoinDesk’s Nikhilesh De discusses a new report issued by the Federal Reserve warning of stablecoin risks as the TerraUSD (UST) coin lost its dollar peg, dropping as low as $0.65 on Monday. Plus, insights on how the UST collapse could pose a risk to the broader crypto ecosystem.
