DAI has been around since 2017, which no algo stablecoins has ever matched, and it’s unlikely to share the fate of UST.
Read more
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash
A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash
Read more
Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more…
Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said
Read more
G7 financial officials call on Financial Stability Board to step up crypto regulation—report
Chaos on the crypto market in the wake of the Terra collapse caused a heightened sense of urgency among the ministers to continue regulatory process.
Read more
Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15
The collateral damage of Terra’s collapse could continue to impact Avalanche price, especially considering that the Luna Foundation Guard holds 1.97 million AVAX tokens.
Read more
Tether reports 17% decrease in commercial paper holdings over Q1 2022
“This latest attestation further highlights that Tether is fully backed and that the composition of its reserves is strong, conservative and liquid,” said Paolo Ardoino.
Read more