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Nalezeno "stablecoin": 3929

UST Stablecoin Declines as Crypto Market Plunges


Terra’s stablecoin UST drops to its all-time low as the crypto market takes a swing lately. The coin, which was supposed to be close to $1, dropped to the $0.70 level, despite the large sum funneled in from the reserves. Experts believe that the fall should be analyzed with this ongoing...

Conspiracy Theories Abound as Terra Tries to Save UST


  TerraUSD (UST), an algorithmic stablecoin hosted by the Terra network and created by South Korea's Terraform Labs, has once again lost its dollar peg after a wave of sell-offs hit the crypto market. The stablecoin, which is supposed to maintain a value of USD 1 by creating and destroying supply...

Bitcoin Tests USD 30K, Ethereum Dives, LUNA Halves as UST Loses Peg


  Bitcoin price remains in a strong downtrend below the USD 35,000 support level. BTC even dropped below USD 30,000 before recovering. It is currently (04:44 UTC) correcting losses and trading near USD 30,800, but upsides might be limited above USD 32,500. BTC is down almost 9% in a day and 20%...

Luna Foundation Loans Out BTC to Defend Bitcoin Peg, Faces Community Backlash


  The Luna Foundation Guard (LFG), the entity tasked with holding bitcoin (BTC) as part of the reserves backing the TerraUSD (UST) stablecoin, has loaned out USD 750m worth of BTC to a trading firm “to help protect the UST peg.” Confronted with what this really means, Terra (LUNA) founder Do Kwon...

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