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Stablecoin
LUNA, UST Issuer Terra Restarts Blockchain After Brief Shutdown
The price of LUNA fell too low to prevent governance attacks, Terraform Labs tweeted when it announced the network had been halted.
'Failure Should Be an Option,' US Sen. Pat Toomey Says of UST Turmoil
The Banking Committee’s top Republican doesn’t want asset-backed stablecoins tarnished by the UST drama.
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?
Crisis in Terra's UST Stablecoin Spreads to Neutrino USD on Waves Protocol
Algorithmic stablecoins are under pressure after Terra's UST lost its $1 peg.
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.”
Anchor Community Submits Proposal to Restore UST Peg
Algorithmic stablecoin TerraUSD has fallen sharply from its $1 peg over the past 48 hours.
UST Backer LFG Seeks $1B to Shore Up Stablecoin Peg: Report
The funding is needed because the dollar-pegged stablecoin dropped as low as 60 cents Monday amid broader market turmoil.
