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Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury
11.3.2022
The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day, but demand is strong enough that...
Terra off to new record high as LUNA price outperforms market with 30% rebound in 3 days
9.3.2022
The total value locked inside the Terra blockchain system has reached an all-time high of nearly $26 billion
Terra Protocol Reaches Maximum Issuance of UST Daily, LFG Foundation Steps In
7.3.2022
Terra, one of the top 10 cryptocurrency projects by market cap, has reached a UST-related milestone recently. The Luna Foundation Guard (LFG), a nonprofit organization, reported that the protocol had reached the maximum daily issuance of its flagship stablecoin, UST. This is due to high demand that...
Terra's Anchor Protocol erases 'crypto winter' losses, ANC price rebounds 300% in a month
3.3.2022
ANC price risks becoming overheated, however, after a major rally
Terra price gains 75% in February as $2.57B in LUNA tokens removed from supply
1.3.2022
The token burn appears as the supply of UST, Terra's stablecoin, rises by nearly 14.75% in the month
Luna Foundation Guard Raises $1Bn to Save UST Dollar Peg
24.2.2022
The LFG (Luna Foundation Guard) recently raised over 1 billion dollars in its private token sale. The NPO was established with the aim to boost the development of the Terra framework. Now, the organization will use these funds to secure the peg of UST against market fluctuations. As the primary...
Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg
23.2.2022
The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token has an algorithmic method to maintain its dollar value, this decentralized reserve —...
Terra avoids Ukraine concerns rallying 18% in three days — Can LUNA price reach $200 next?
23.2.2022
Jump Crypto and Three Arrows Capital bought $1 billion worth of LUNA tokens recently
Terra's LUNA Jumps 15% as UST Stablecoin Gets $1B Bitcoin Reserve
23.2.2022
LUNA's fortunes are closely tied to UST. The stablecoin's creation is facilitated by burning LUNA
Foundation Focused on UST Stablecoin Raises $1B in LUNA Sale
22.2.2022
The fresh funding will go towards a new reserve to help strengthen the peg for the UST stablecoin
Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps
22.2.2022
At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled...
Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin
22.2.2022
Terra said it chose to denominate the Forex Reserve in Bitcoin because it considered the crypto asset "less correlated to the Terra ecosystem."
Terra injects 450M UST into Anchor reserve days before protocol depletion
18.2.2022
The move is designed to maintain the stablecoin savings protocol's lucrative yield of approximately 20% per annum
MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST
11.2.2022
On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is...
Stablecoin Whale Domination — Tether Addresses Valued at $1M Own More Than 80% of USDT Supply
8.2.2022
As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more than 80% of the entire supply. Tether’s Whales Command More Than 80%...
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
4.2.2022
As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw its market capitalization jump the most, increasing 18.9%...
Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase
30.1.2022
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last...
Anchor protocol's reserves head toward depletion due to lack of borrowing demand
27.1.2022
With too many depositors chasing high yields and a lack of borrowers, Anchor interest rates appear to have become unsustainable
Luna Foundation Guard Launches to Support UST Peg as Stablecoin Blows Past $11B Market Cap
24.1.2022
The Luna Foundation Guard, a new decentralized organization developed to support the Luna ecosystem, has been launched last week in Singapore. The institution will offer funding in the form of grants to support initiatives built on top of the Luna network. One of its biggest functions will be...
Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum
15.1.2022
On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent 71.84% of the entire stablecoin economy’s value. This...