UST
Exploring the Fallout of UST Stablecoin's Collapse
Kevin Zhou, Galois Capital founder and vocal critic of Terraform Labs CEO Do Kwon's work, discusses the impact of the TerraUSD (UST) turmoil on the Terra ecosystem and the wider crypto markets as regulation looms. Plus, reactions to Terra's community-proposed plan that hopes to save UST.
Global Crypto Regulatory Body Is Coming Soon, Says Top Official
A joint body to coordinate efforts at regulating crypto at the global level could become a reality in the next year, according to IOSCO chair Ashley Alder.
Terra-Based DeFi Protocol Anchor Proposes Cutting UST Yield Rates to 4%
The proposal comes amid ongoing concerns regarding the long-term stability of Terra tokens LUNA and UST.
Terra Proposes Token Burn and Increase in Pool Size to Stop UST Dilution
Terra believes decreasing the amount of UST in circulation while increasing the amount of available LUNA is the easiest way to return the UST to its dollar peg.
Terra’s LUNA Has Dropped 99.7% in Under a Week. That’s Good for UST
LUNA tokens lost 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the UST price.
Citadel Securities, BlackRock, Gemini Slam Social Media Accusations of Involvement With UST Collapse
A conspiracy theory that began on 4chan and was amplified by Cardano founder Charles Hoskinson has been met with swift denials by all parties.
First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins
A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red.
The LUNA and UST Crash Explained in 5 Charts
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday.
