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Tag: stablecoin

Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims

May 12, 2022 wp-bot Bitcoin News

Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the

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Untethered: Here’s everything you need to know about TerraUSD, Tether and other stablecoins

May 12, 2022 wp-bot Cointelegraph

Established stablecoin trading pairs have struggled to keep stable on crypto exchanges around the world. Here are the updates as the situation evolves.

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USDT-dollar peg wobbles as markets continue to struggle: Tether CTO weighs-in

May 12, 2022 wp-bot Cointelegraph

LUNA/UST debacle leads to discrepancies in BTC-stablecoin trading pairs across global cryptocurrency exchanges.

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Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’

May 12, 2022 wp-bot Cointelegraph

The Terra Money Twitter account shared the finer points on Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA.

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Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips under 99 cents

May 12, 2022 wp-bot Cointelegraph

USDT is the latest stablecoin causing nervousness as Tether insists that operations are continuing as normal.

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Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

May 11, 2022 wp-bot Cointelegraph

Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized

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