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Tag: stablecoin

42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles

May 9, 2022 wp-bot Cointelegraph

The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply.

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As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93

May 9, 2022 wp-bot Bitcoin News

As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s

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Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity

May 9, 2022 wp-bot Bitcoin News

As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two

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LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?

May 8, 2022 wp-bot Cointelegraph

Excessive Terra supply coupled with UST supply contraction coincides with LUNA’s price decline.

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Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

May 8, 2022 wp-bot Bitcoin News

On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi)

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‘Regulations are in place to help crypto businesses understand operations,’ says The Bahamas PM Philip Davis

May 6, 2022 wp-bot Cointelegraph

The Bahamas Prime Minister Philip Davis shared his plans to welcome crypto businesses to the region during SALT’s Crypto Bahamas.

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