TrueUSD stablecoin depegs following CZ’s exit from Binance

TrueUSD (TUSD), a stablecoin with a market cap exceeding $3. 1 billion, has faced a significant de-pegging, dropping to as low as $0. 995. This downturn coincided with the exit of Changpeng “CZ” Zhao as the CEO of Binance, the world’s largest cryptocurrency exchange. дальше »

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USDC and DAI more susceptible to de-pegging, say analysts

Stablecoins from Circle and MakerDAO have been less stable than those from Tether and Binance in the last couple of years, states a new S&P Global report. дальше »

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Stablecoin de-pegging plagued USDC and DAI more than others: Analysts

Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global. дальше »

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USTC Re-Peg Incoming? Community Votes To Burn 800 Million Tokens

Back in 2022, the collapse of Terra LUNA and de-pegging of UST Classic (USTC) rocked the crypto market and led to a massive crash. Since then, the once stablecoin pegged to the US dollar has been trading more than 98% below $1. дальше »

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Cardano stablecoin DJED de-pegs after failure to maintain reserve ratio

Cardano-based stablecoin Djed (launched in January 2023) is causing issues associated with de-pegging. Moreover, users are encountering token un-minting challenges. Djed has de-pegged on all Cardano decentralized exchanges (DEXs) as its reserve ratio plunges beneath desired levels. дальше »

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TrueUSD hired former FTX accounting team to conduct proof-of-reserves

Former members of the now-defunct FTX.US accounting team, now operating as The Network Firm, have conducted the attestation of TrueUSD’s proof-of-reserves (PoR) as the stablecoin seeks to regain stability following a brief de-pegging incident. TrueUSD , the embattled stablecoin, has… дальше »

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Tether (USDT) Hit New Market Cap ATH as Adoption Grows

Coinspeaker Tether (USDT) Hit New Market Cap ATH as Adoption Grows USDT has become the most traded stablecoin, especially after the de-pegging of Circle's USD Coin (USDC) earlier this year. дальше »

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Luna collapse one year on, what can we learn from on-chain?

In this exclusive Alpha article, explore the aftermath of UST's de-pegging and its ongoing struggle against the dollar. Witness Bitcoin's turbulent journey to its lowest point, and uncover the key players who've held on during these trying times. дальше »

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The Stability Crisis: Understanding the Recent De-Pegging of Stablecoins

Stablecoins are a crucial part of the crypto ecosystem. So when they lose their 'stability,' it can cause many things to go wrong. The post The Stability Crisis: Understanding the Recent De-Pegging of Stablecoins appeared first on BeInCrypto. дальше »

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Will MakerDAO's new changes instill confidence in DAI? Examining...

MakerDAO has a new proposal to introduce changes to its PSM operations. DAI's supply has dwindled since USDC's de-pegging, due to a lack of demand.  Leading decentralized finance protocol, The post Will MakerDAO's new changes instill confidence in DAI? Examining... appeared first on AMBCrypto. дальше »

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DAI recovers after severe depeg caused by USDC ripple effect

MarketDAO’s stablecoin DAI recently experienced a recovery following a de-pegging event that saw the stablecoin drop from the $1 value to $0.88. As the Silicon Valley Bank saga continues, the price of USDC, which is pegged to the US dollar,… дальше »

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MakerDAO [MKR] reacts to Stablecoin contagion with this proposal

MakerDAO reveals an emergency proposal to reinforce its platform against stablecoin risks. USDC de-pegging inadvertently triggers demand for MKR. MakerDAO is making moves aimed at protectingThe post MakerDAO [MKR] reacts to Stablecoin contagion with this proposal appeared first on AMBCrypto. дальше »

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Jump Trading is the center of the ongoing SEC-Terra suit

Jump Trading is the masked "U.S. trading firm" that the United States Securities and Exchange Commission (SEC) accused of helping sustain the TerraUSD stablecoin, UST, from de-pegging in 2021 дальше »

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DeFi protocol Platypus suffers $8.5M flash loan attack, suspect identified

The attack has led to the de-pegging of the Platypus USD stablecoin, which fell to $0.48 from $1.

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Waves founder calls for aggressive decentralization

Speaking on the recent de-pegging of the Waves’ stablecoin USDN, founder Sasha Ivanov claims the event does not affect the WAVES ecosystem. In a recent statement, Sasha Ivanov, the founder of the Waves blockchain, reiterated that the de-pegging of its… дальше »

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Chainalysis: FTX’s crash is not the darkest crypto event in 2022 

Chainalysis researchers have revealed that the abrupt collapse of Sam Bankman-Fried’s FTX accounted for a lesser amount of realized losses for crypto investors compared to the Terra stablecoin de-pegging and fall of Three Arrows capital. FTX demise is not the… дальше »

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Here's the full scope of UST's de-pegging on the stablecoin market

Following the collapse of TerraLUNA in May, never-before-seen attention has since been placed on stablecoins. In fact, there are many who still harbor doubts about the ‘stability’ of this class ofThe post Here's the full scope of UST's de-pegging on the stablecoin market appeared first on AMBCrypto. дальше »

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PriveSecure, Cardano, and Ethereum Classic Going The Long-Term Winners Route

Many individuals lost faith in cryptocurrencies as a financial powerhouse when the cryptocurrency market crashed. From Luna’s de-pegging from the dollar to the enormous withdrawals caused by inflation concerns, the cryptoverse has seen its darkest days. дальше »

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Do Kwon Thinks An Employee Was Behind The Depegging Of TerraUSD But Fully Accepts All The Blame

While several inquests have been carried out into de-pegging TerraUSD (UST) from the U.S dollar, the project’s founder believes that a mole might be responsible for triggering the chain reaction. дальше »

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Huobi exited HUSD stablecoin deal before token depegged below $0.8

Huobi’s HUSD is the latest stablecoin to risk further de-pegging as it is currently trading below $0.8. The post Huobi exited HUSD stablecoin deal before token depegged below $0.8 appeared first on CryptoSlate. дальше »

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“DeFi Hub of Polkadot” Suffers Major Hack

The decentralized hub of the Polkadot network has suffered a security breach, which resulted in the de-pegging of the AUSD stablecoin дальше »

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Will Magic Internet Money [MIM] become the latest domino to fall

The latest victim of the crypto crash looks set to be Abracadabra’s a U.S. dollar-pegged stablecoin Magic Internet Money (MIM). The talks of the de-pegging started to spread on 17 June. However, theThe post Will Magic Internet Money [MIM] become the latest domino to fall appeared first on AMBCrypto. дальше »

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South Korean Exchange Issues Warning on Tron and Waves’ Stablecoins

South Korea's largest domestic crypto exchange has sounded the alarm over the de-pegging of Tron's USDD and Waves' Neutrino USDN stablecoins. The post South Korean Exchange Issues Warning on Tron and Waves’ Stablecoins appeared first on BeInCrypto. дальше »

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Tron (TRX) Risks Breaking Down From 826-Day Ascending Support Line

Tron (TRX) has been decreasing since the end of May, but further accelerated its rate of descent last week. It is possible that the decrease is occurring as a result of the de-pegging of USDD, which had been announced as an overcollateralized stablecoin. дальше »

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Tron Price is at a Major Risk of USDD De-Pegging

The Tron price crashed hard as investors reacted to the rising risks of its…

The post Tron Price is at a Major Risk of USDD De-Pegging appeared first on CoinJournal.

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DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%

Liquid staking firms could default on their Ether obligations if The Merge does not happen.

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Avalanche [AVAX]: Positivity looks abound in the ecosystem but here's the caveat

Terra's unfortunate de-pegging event made May a bloody month for the overall crypto ecosystem. Despite the obvious downtrend, one particular ecosystem, Avalanche showcased some promising developments. дальше »

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Do Kwon’s Proposal For Terra Relaunch Gets Approved, Now What?

After the de-pegging fiasco occurred on the Terra ecosystem amid the recent bloodbath, Do Kwon, founder of the crypto project, proposed the Luna ‘Revival Plan 2’ a week ago to prevent a total collapse. дальше »

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Miami’s Mayor Remains Unfazed by Crypto Crash, Still Receives His Paycheck in Bitcoin

Despite the tragedy of TerraUSD (UST) de-pegging and the subsequent chaos that plagued the cryptocurrency markets, Miami’s mayor remains resolute in receiving his salary in Bitcoin, but it seems he has other streams of income. дальше »

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Do Kwon Sheds Light On LUNA’s Implosion As Terra 2.0 Ecosystem Revival Plan Gains Momentum

Amid the uproar caused by TerraUSD (UST) de-pegging, the project’s co-founder Do Kwon appears to have nerves of steel as he remains unfazed by all the chaos. дальше »

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Its pay out time for DeFi insurance

Last week founders from the top DeFi insurance companies, Nexus Mutual, InsurAce, Bright Union, and Amulet, came together to discuss the UST de-pegging event. The post Its pay out time for DeFi insurance appeared first on CryptoSlate. дальше »

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Delphi: LUNA/UST Disaster ‘Most Catastrophic Event’ in Crypto Since Mt. Gox

Delphi has delivered its verdict on the de-pegging of Terra’s UST and its conclusions are damning, comparing the ecosystem's nose dive to the 2013 collapse of the notorious Mt. Gox exchange. The post Delphi: LUNA/UST Disaster ‘Most Catastrophic Event’ in Crypto Since Mt. Gox appeared first on BeInCrypto. дальше »

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Interview: ByBit launch liquidity pools offering up to 30% APY

ByBit, the 17th ranked cryptocurrency exchange that traditionally focused on derivatives markets, has announced the launch of liquidity mining protocols. The pools are available across Bitcoin, Ethereum and BitDAO, all paired with USDT – interesting amid the recent de-pegging of USDT down to 95 cents – although with USDC pools also in the pipeline. дальше »

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Post UST's depegging fiasco, data seems to suggest returning interest in stablecoins

Stablecoins, in general, suffered immensely post the TerraUSD (UST) de-pegging event. This event saw UST drop from its once-stable $1 parity to today’s $0.06 per UST. Now, to refill that lost trust,The post Post UST's depegging fiasco, data seems to suggest returning interest in stablecoins appeared first on AMBCrypto. дальше »

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Terra LUNA fork voting in chaos amid massive inflation

In response to the de-pegging of UST, trillions of LUNA coins were minted due to the nature of the Terra LUNA algorithm used to maintain the UST dollar peg. The post Terra LUNA fork voting in chaos amid massive inflation appeared first on CryptoSlate. дальше »

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Cryptocurrency Investors Can Expect Stricter Rules From Regulators After Terra’s Debacle

Financial watchdogs are on high alert following the meltdown from Terra’s blockchain. Regulators have pledged stricter rules for stablecoins in the coming weeks. Before UST’s de-pegging, regulators have been eyeing the stablecoin ecosystem with suspicion prompting several studies into the risks of the asset class. дальше »

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Do Kwon Not Giving Up On LUNA Just Yet, Plans Radical Shift To Keep The Terra Ecosystem Alive

After the horrific events of the last week following TerraUSD’s (UST) de-pegging from the US dollar, Terra’s founder is not giving up on the project. дальше »

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Anchor Protocol (ANC) wrecked by Terra’s crash – Is there hope for recovery?

Before the UST de-pegging and the eventual collapse of Terra (LUNA), the Anchor Protocol… The post Anchor Protocol (ANC) wrecked by Terra’s crash – Is there hope for recovery? appeared first on Coin Journal. дальше »

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Binance CEO's latest announcement had this effect on TerraUSD [UST] prices

The crypto market is slowly adjusting to a new normal after the de-pegging of TerraUSD [UST] sent ripples through the Terra ecosystem and the sector at large. At press time, the ex-stablecoin once The post Binance CEO's latest announcement had this effect on TerraUSD [UST] prices appeared first on AMBCrypto. дальше »

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Justin Sun Talks USDD Stablecoin in Wake of LUNA/UST Unravel

The controversial crypto entrepreneur explains how an algorithmic stablecoin can still succeed while denying rumors he was behind the de-pegging of Terra’s failed UST. дальше »

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Chainlink: How a 'price discrepancy' resulted in millions lost from DeFi protocols

Terra’s total value locked suffered a major fall, losing as much as $14 billion, amid the de-pegging fiasco resulting in reduced DeFi investor interest and a bearish market. The protocol lost aroundThe post Chainlink: How a 'price discrepancy' resulted in millions lost from DeFi protocols appeared first on AMBCrypto. дальше »

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Waves’ Neutrino USD (USDN) stablecoin de-pegs to $0.94

Neutrino USD (USDN), an algorithm stablecoin just like the TerraUSD, has fallen below its US dollar peg to trade as low as $0.8 today. The stablecoin is part of Waves blockchain ecosystem. Following the de-pegging, Colin Wu, a crypto analyst, has reported that the Curve pool for the USDN stablecoin (the USDN-3 pool) is now […] The post Waves’ Neutrino USD (USDN) stablecoin de-pegs to $0.94 appeared first on Invezz. дальше »

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Secretary Yellen; UST Collapse Could Have Been Avoided With The Available Legal Framework

The ongoing crypto market turmoil and the de-pegging by two of the largest stablecoins earlier this week has caught the attention of regulators, particularly Treasury Secretary Janet Yellen. Testifying before the House of Representatives Financial Services Committee Thursday, Yellen brought up the issue of UST and USDT noting stablecoin issuers needed to be brought under […] дальше »

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Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra’s UST

Tether (USDT) has become the next stablecoin to suffer from the ongoing stablecoin fiasco that started with TerraUST de-pegging from the US Dollar. USDT traders were treated to a scare after the price of USDT lost its dollar parity and slid below $1 to trade as low as $0. дальше »

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Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges

The value of Tether (USDT) stablecoin against the United States dollar is seeing significant downward pressure on exchanges and has fallen below its $1 peg price. The post Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges appeared first on CryptoSlate. дальше »

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Series of Stablecoins Lose Pegging Following TerraUSD (UST)

Following the de-pegging debacle overtaking TerraUSD, several other stablecoins appear to have lost their peg to the dollar as well. The post Series of Stablecoins Lose Pegging Following TerraUSD (UST) appeared first on BeInCrypto. дальше »

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Terra’s UST De-Pegging a ‘Brilliant’ Soros-Style Attack, Claims Analyst

Terra's (LUNA) UST de-pegging from the U. S. Dollar was part of a ‘brilliant’ Soros-style stratagem that netted its perpetrator close to a billion dollars. So claims market analyst the Onchain Wizard, who delved into the anatomy of the attack to uncover its secrets. дальше »

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