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Nalezeno "stablecoin": 3929

Terra Adds an Amendment to Do Kwon’s Revival Plan, Survey Reveals UST Losses


  The team behind the Terra (LUNA) blockchain has added three revisions to the already published “revival plan” by co-founder Do Kwon – increasing genesis liquidity and decreasing distribution to certain terraUSD (UST) holders. Following the infamous UST stablecoin depeg and a wave of subsequent...

Tether in the Spotlight After USD 9B Worth of Redemptions


  The popular stablecoin tether (USDT) is again the subject of unwanted attention after approximately USD 9bn has been redeemed for US dollars by users in the aftermath of the terraUSD (UST) collapse. The redemptions have come despite USDT trading on exchanges within a rounding error of its USD...

Do Kwon’s Plan for New Terra Blockchain Becomes ‘Final’


  A plan to revive the Terra (LUNA) ecosystem by creating a new blockchain without an algorithmic stablecoin has been designated as “final” by Terraform Labs CEO and co-founder Do Kwon. By creating a new blockchain with its own native token, Do Kwon’s revival plan would airdrop the new token...

Luna Foundation Guard Discloses Usage of Bitcoin Reserves


The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while...

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