Stablecoin
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.
Terra's UST Stablecoin Falls as Low as 65 Cents Before Rebounding: What Went Wrong?
"Crypto Critics' Corner" Co-host Bennett Tomlin explains what might have gone wrong in the Terra Luna ecosystem leading to the TerraUSD (UST) stablecoin collapse. Tomlin explains the algorithmic stablecoin's dependence on the luna token and addresses the Luna Foundation Guard’s deployment of bitcoin reserves to rectify the price. Plus, a discussion on how centralized crypto exchanges like Binance are reacting to UST losing its peg to the U.S. dollar.
BTC Down Over 10% in 24 Hours, TerraUSD Drops to 92 Cents
TheoTrade Co-founder Don Kaufman shares his bitcoin price analysis as the “digital gold” dropped over 10% during the last 24 hours. How is BTC correlated with the Nasdaq and S&P 500?
La stablecoin UST pierde su paridad con el dólar por segunda vez en 48 horas, la capitalización de mercado de LUNA cae por debajo de la de UST
El desarrollo viene después de que LUNA Foundation Guard anunciara que sus enormes reservas de Bitcoin se utilizarán para defender la paridad del dólar de UST.
‘It’s a Confidence Game’: Swan Bitcoin CEO on Stablecoin UST Briefly Losing its Peg
Luna Foundation Guard (LFG) will lend $1.5 billion in BTC and UST to defend the peg of its algorithmic stablecoin to the U.S. dollar. This comes after UST briefly lost its peg to the dollar over the weekend.
La stablecoin UST pierde brevemente su paridad, LUNA cae un 10%
El evento del sábado generó preguntas sobre si las reservas de Bitcoin de Terra pronto enfrentarán su primera prueba.
Nueve de cada diez bancos centrales están explorando la moneda digital, según el BPI
Una encuesta realizada en 2021 por el Banco de Pagos Internacionales encontró que más de la mitad de los bancos centrales están desarrollando CBDC o realizando experimentos concretos.
Is Justin Sun's USDD Stablecoin a Copycat?
Crypto analysts took a stab at Tron Founder Justin Sun’s new algorithmic stablecoin decentralized USD (USDD), calling it a clone of Terra’s UST coin. "The Hash” group discusses Tron’s whitepaper being an alleged copy of Ethereum, the rapid growth of UST and signs of increasing algorithmic stablecoin adoption.
LUNA Foundation Guard adquiere $1.500 millones en Bitcoin para reforzar sus reservas de stablecoins
La compra eleva las tenencias de LFG a más de 80.000 bitcoins, o casi 3.000 millones de dólares.
