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Terra
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’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say
Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.
Terra Founder Do Kwon Supports Community's UST Proposal, LUNA Slides
The proposal seeks to bring UST back to its intended $1 peg.
Anchor Community Submits Proposal to Restore UST Peg
Algorithmic stablecoin TerraUSD has fallen sharply from its $1 peg over the past 48 hours.
UST Falls to 35 Cents, Terra Futures See $106M in Liquidations
Some 58% of LUNA traders were betting on higher prices even as the tokens fell yesterday.
Bitcoin Flirts With $30K During Asia Trading Day as Luna Foundation Guard Fights to Defend UST Peg
Glassnode analyst says change in exchange balance is due to LFG using bitcoin reserves to defend stablecoin peg.
Terra’s LUNA Drops to Almost $1 After 90% Weekly Plunge
Value locked on Anchor, Terra’s largest DeFi protocol, dropped some $11 billion in the past two days.
UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg
Luna Foundation Guard buying billions of dollars in bitcoin without an infrastructure ready to deploy left Terra’s UST vulnerable to a “Soros-style attack,” an analyst said.
UST Resumes Spiral After Quiet Day Orbiting 90 Cents
Terra’s shaky stablecoin is prompting calls for closer regulation by key U.S. officials.
