UST

UST

Markets

Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System

Recent weakness in bitcoin and equities looks contemporaneous and doesn’t show any lag or lead effect, the bank’s analysts said.

Eviart/Shutterstock

Opinion

UST Won't Be the End of Algorithmic Stablecoins

The trail for a monetary "Holy Grail" continues, despite Terra’s collapse. So what do we do about it?

(Annie Spratt/Unsplash, modified by CoinDesk)

Videos

Terra’s UST and LUNA Collapse: How the Crisis Unfolded

TerraUSD (UST), an algorithmic stablecoin that is supposed to stay pegged to the dollar collapsed over 90% over one week.

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Markets

First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds

Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.

Singapore (Lauryn Ishak/Bloomberg via Getty Images)

Finance

At Nationals Ballpark, Terra’s Bad Week Never Happened

Terra’s $38 million Nationals sponsorship hasn’t made an impact on “Terra Club” workers and fans.

The Terra logo inside the luxury club at Nationals Park. (Danny Nelson/CoinDesk)

Markets

The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto

When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow, but ultimately it is surviving.

(John Ruddock/Unsplash)

Finance

What Happened to the $3.5B Terra Reserve?

Blockchain analytics firm Elliptic follows the money to major exchanges Gemini and Binance.

LFG/Gemini (Elliptic)