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UST
'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.
'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
Terra's UST briefly fell below $6.5 billion in market cap on Wednesday morning, allowing DAI to be the fourth-biggest stablecoin on the market for a time.
Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collapse
“UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk.
UST Meltdown Hasn't Spurred US Financial Stability Council Meeting: Sources
U.S. federal officials aren’t getting together to follow the game plan that’s typical when mainstream financial firms flounder.
Yellen Highlights UST Woes at Hearing on Financial Risks: Will Stablecoin Regulation Come Sooner Than Later?
U.S. Treasury Secretary Janet Yellen brought up the ongoing distress of the UST stablecoin during testimony before the Senate Banking Committee on Tuesday. This came as UST depegged from the dollar, falling as much as 40% before rebounding. “The Hash” team discusses the news timing as stablecoin regulation comes into focus on Capitol Hill.
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.
Terra’s UST Loses Dollar Peg; Philippines Expects Marcos Jr Win
UST loses dollar peg as Terra market cap plunges. Coinhako receives full license to provide Digital Payment Token services in Singapore. Marcos Jr. poised to become next Philippine president; Blockchain industry players react. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
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?