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Sonic Labs ditch algorithmic USD stablecoin for UAE dirham alternative
29.3.2025
Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates dirham-denominated alternative.On March 22, Sonic Labs co-founder Andre Cronje said the company was working on a US dollar-pegged algorithmic stablecoin with an annual...
Sonic Labs ditch algorithmic USD stablecoin for UAE dirham alternative
29.3.2025
Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates dirham-denominated alternative.On March 22, Sonic Labs co-founder Andre Cronje said the company was working on a US dollar-pegged algorithmic stablecoin with an annual...
Sonic Labs ditch algorithmic USD stablecoin for UAE dirham alternative
29.3.2025
Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates dirham-denominated alternative.On March 22, Sonic Labs co-founder Andre Cronje said the company was working on a US dollar-pegged algorithmic stablecoin with an annual...
Sonic unveils high-yield algorithmic stablecoin, reigniting Terra-Luna ‘PTSD’
23.3.2025
The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter.Algorithmic stablecoins employ code-based mechanisms to ensure...
Sonic unveils high-yield algorithmic stablecoin, reigniting Terra-Luna ‘PTSD’
23.3.2025
The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter.Algorithmic stablecoins employ code-based mechanisms to ensure...
Avalanche buys back $53M in AVAX tokens from Terra’s LFG
7.11.2024
The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.
Avalanche buys back $53M of AVAX tokens from Terra’s LFG
7.11.2024
The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.
Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC
30.5.2024
Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic...
Terra (LUNA) Re-enters Top 100 Crypto As InQubeta (QUBE) Smashes $5.6 Million Presale Mark
3.12.2023
Significant digital asset ranking shifts continually happen in the crypto market. According to CoinMarketCap, Terra (LUNA), an algorithmic stablecoin, has re-entered the top 100 cryptocurrencies by market capitalization after a recent spike in its price. This development coincides with...
Terraform and Do Kwon’s Attempt to Dismiss Class-action Lawsuit Fails: Report
1.12.2023
Source: YouTube/Coinage Defunct blockchain protocol Terraform Labs is currently fighting legal challenges in Singapore and appears to be facing setbacks. According to a local news outlet, the creators of the algorithmic stablecoin TerraUST and its founder, Do Kwon, have had their efforts...
$22M of Curve Finance algo stablecoin minted since mainnet launch
4.5.2023
Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network
Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%
28.4.2023
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem...
Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse
14.3.2023
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra...
Frax Finance Votes to Fully Collateralize Its $1 Billion Stablecoin
23.2.2023
The vote is a step for Frax’s native stablecoin frxUSD to retire its algorithmic element
Hope Finance exploit results in $2M stolen from users' funds
21.2.2023
An Arbitrum-based algorithmic stablecoin project has fallen prey to a smart contract exploit, seeing $2 million stolen from users
Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs
17.2.2023
Delphi Lab's general counsel said the SEC was being "more thorough than usual" in its lawsuit against Terraform Labs and its co-founder Do Kwon
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud
17.2.2023
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from...
ADA-backed algorithmic stablecoin Djed launched on Cardano
31.1.2023
The algo-stablecoin Djed from DeFi service provider COTI deployed on the Cardano mainnet after its successful security audit
Algorithmic stablecoin market share dropped by 10x from ATH: Report
26.1.2023
The stablecoin market in general is going through hard times, though it's the algorithmic coins that suffered the most
Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting
8.12.2022
WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token