Terra


Markets

Foundation Focused on UST Stablecoin Raises $1B in LUNA Sale

The fresh funding will go toward a new reserve to help strengthen the peg for the UST stablecoin.

Terraform Labs CEO Do Kwon on CoinDesk TV in December.

Finance

Terra, CEO Do Kwon Ordered to Comply With SEC Subpoena Related to Mirror Protocol Investigation

Terra and Kwon had sought a dismissal, arguing the U.S. Securities and Exchange Commission doesn't have jurisdiction over Kwon or his company.

Daniel Shin y Do Kwon, cofundadores de Terra. (Terraform Labs)

Markets

CoinDesk 20: AVAX, LUNA, MANA, SHIB Are In; Bitcoin Cash, EOS, ETH Classic, Filecoin Are Out

Old guard bows out as layer 1s, metaverse and memes surge in.

Top Crypto Assets by Volume Ranked in the CoinDesk 20

Finance

Washington Nationals to ‘Explore’ Terra’s UST Stablecoin in DAO-Approved Partnership Deal

The MLB team’s deal with the Terra network is even bigger than previously reported.

(G Fiume/Getty Images)

Finance

Terra Wants to Spend $40M on a Mystery Sports Deal. We Think It’s With This MLB Team

A CoinDesk reporter turns internet sleuth to crack the team name Do Kwon won’t identify.

(Patrick Smith/Getty Images)

Learn

5 Cryptocurrencies You Can Stake: An In-Depth Guide

Make your crypto work for you and earn passively while holding.

(Getty Images)

Videos

Terra Founder Floats $38M Proposal for American Sports League Deal

Terraform Labs founder Do Kwon floated a funding proposal for $38.5 million from the Terra community treasury to sponsor a major American sports league team he didn’t name. The funding would be in the form of TerraUSD (UST) stablecoins, or tokens pegged on a 1:1 basis with U.S. dollars.

CoinDesk placeholder image

Finance

Terra Founder Floats $38M Proposal for American Sports League Deal

Terra founder Do Kwon proposed sponsoring an unidentified major American professional sports league franchise to the tune of $38.5 million.

Daniel Shin y Do Kwon, cofundadores de Terra. (Terraform Labs)

Markets

Stablecoins Won Crypto Markets in January – With 0% Returns

The coins showed the highest returns among the largest cryptocurrencies in January just by holding their peg to the U.S. dollar.

winner

Markets

Ethereum Suffers Worst Month in Nearly 2 Years, SOL Falls Even Harder

Most major altcoins have sunk more than bitcoin, with all members of the CoinDesk 20 digital assets deeply in the red in January.

January has not been kind to crypto markets. (Unsplash, modified by CoinDesk)