2022-6-1 18:21 |
The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse.
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Terraform's collapse last year and the subsequent fall of its native Terra USD (UST) stablecoin triggered a chain reaction. Stablecoin valuation shrank from $189 billion to $123 billion.
2023-10-8 21:33 | |
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Inventor of Cardano and Input-Output Global (IOG) CEO, Charles Hoskinson, gave his opinion on the recent events related to the crash in the Terra Classic network, formally known as Terra. A collapse in the price of its native token LUNA caused the algorithmic stablecoin UST to deppeged from the U.
2022-6-1 01:00 | |
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The collapse of TerraUSD (UST) and its sister token Luna Classic (LUNC) has created an urgency for governments across the globe to reign in the crypto market. The post UK proposes legislation amendments to regulate stablecoin issuers appeared first on CryptoSlate.
2022-6-1 23:20 | |
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The U.K. government has published a consultation paper that proposes a series of safeguards to protect investors against the risk of stablecoins.
2022-6-1 14:16 | |
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China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.
2022-6-1 09:00 | |
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Stablecoins are having the roughest patch in their entire existence with investors viewing the asset class with skepticism. Amid the uproar, Vitalik Buterin has proffered two thought experiments to help investors gauge the risks associated with algorithmic stablecoins.
2022-5-28 21:58 | |
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The TerraUSD stablecoin collapsed for one reason: big holders didn't trust it.
2022-5-28 21:18 | |
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The collapse of algorithmic stablecoin UST created a ripple effect not just in the crypto market but among world regulators as well.
2022-5-28 18:01 | |
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The launch comes amid panic in the stablecoin market following the collapse of Terras UST. Tether Stablecoin USDT Heads to Polygon Despite ongoing concerns in the stablecoin market, Tether is...
2022-5-27 15:59 | |
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Blockchain analysis firm Nansen identifies two major takeaways following Terra's UST algorithmic stablecoin collapse.
2022-5-28 14:04 | |
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“What we need is not stablecoin boosterism or stablecoin doomerism, but rather a return to principles-based thinking,” Vitalik Buterin emphasized.
2022-5-28 08:29 | |
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It is no longer news that investors in Terra’s LUNA have been counting their losses since the collapse of the token following the depegging of the UST Stablecoin. Speaking on its own woes, the foundThe post Ties with LUNA plunged AVAX into a $60m loss- Decoding the mystery appeared first on AMBCrypto.
2022-5-26 23:30 | |
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Data shows the top stablecoin USDT has lost some dominance following the collapse of UST. While other coins like USDC and BUSD have observed rather sharp growth. USDT Has Shed Around $10 Billion Reserves After UST’s Collapse A stablecoin is a token whose value is pegged to another currency or commodity. The most popular such […]
2022-5-26 22:00 | |
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After Terra’s collapse, whale addresses on the Ethereum blockchain ditched Tether's USDT, the largest stablecoin, to flock to the perceived safety of its competitor, USDC.
2022-5-26 19:47 | |
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Out of the ruins of the TerraUSD (UST) collapse rises a new stablecoin — USDTea, the first of its kind — that is backed by a can of, well, iced tea. Whether intended as satire or not, USDTea has joined the plethora of stablecoins in the vast crypto wilderness.
2022-5-24 11:28 | |
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A proposal has been made to shut down DeFi credit protocol Mars following the spectacular collapse of the UST stablecoin, and its sister token LUNA, last week. The post Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M appeared first on BeInCrypto.
2022-5-22 12:19 | |
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The MakerDAO founder wasn’t in the mood to say “I told you so,” following Terra’s stablecoin collapse, on CoinDesk TV’s “First Mover.”
2022-5-21 19:11 | |
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With the collapse of Terra’s LUNA and UST stablecoin sending shockwaves across the global virtual currency market, Korean financial authorities have vowed to fast-track regulations aimed at protecting consumers from such risks.
2022-5-20 01:06 | |
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Dai has thrived off of the Terra collapse, surpassing Shiba Inu
2022-5-20 22:07 | |
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G7 ministers meeting in Germany want the Financial Stability Board to act faster after the collapse of stablecoin terraUSD.
2022-5-20 19:30 | |
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After an earthquake, there are always aftershocks. The collapse of UST could be a sign that other stablecoins are also critically flawed.
2022-5-19 23:00 | |
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Maker (MKR) has surged nearly 50% in value over the past week, following the collapse of algorithmic stablecoin TerraUSD (UST). The post Maker (MKR) Surges Following TerraUSD (UST) Collapse, Boon for DAI appeared first on BeInCrypto.
2022-5-19 20:30 | |
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The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of almost $45 billion in market value over the course of a week, much has been made about the project’s architecture, namely its supposedly defective algorithm, which was led […]
2022-5-19 20:20 | |
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The U.S. dollar accounts for nearly 100% of stablecoin value and a window of opportunity for policymakers has emerged with the collapse of UST.
2022-5-18 17:35 | |
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A Glassnode analyst suggests that the collapse of the UST token has triggered a change in investors' stablecoin preferences; cryptos tick higher in Tuesday trading.
2022-5-18 02:26 | |
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Terra took quite a beating as the Ethereum creator and CEO of Binance criticized Terra and UST token via Twitter. Following the collapse of UST, Terra’s stablecoin and LUNA, its native token, many crypto advocates have aired their sentiments on the subject.
2022-5-17 13:00 | |
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The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week.
2022-5-17 06:33 | |
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MakerDAO returned to prominence after Terra’s UST collapse forced investors to search for a truly “stable” dollar pegged asset.
2022-5-17 23:15 | |
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Here's why Cardano's first algorithmically-backed stablecoin cannot collapse in a UST-like manner
2022-5-16 13:45 | |
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When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow, but ultimately it is surviving.
2022-5-16 18:00 | |
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It was only a week ago when the stablecoin economy got awfully close to surpassing the $200 billion mark. But Terra’s recent collapse changed all that. At press time, the stablecoin market capitalizThe post Here's what USDC is doing right to maintain certainty amidst Terra's meltdown appeared first on AMBCrypto.
2022-5-14 14:45 | |
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An eventful week this was in crypto matters, with the highlight of the pain being the collapse of Terra’s LUNA and algorithmic stablecoin TerraUSD (UST). The token’s crash, which has LUNA virtually at zero and UST clinging on after depegging violently from the dollar, has the market irked, sad and in utter disbelief.
2022-5-14 21:26 | |
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Following UST’s collapse, narratives of a shadowy conspiracy involving top-notch hedge funds hell-bent on bringing down the stablecoin have been making rounds in the past week, overshadowing claims of a structural problem with the nature of stablecoins.
2022-5-13 17:36 | |
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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 […]
2022-5-13 13:39 | |
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In what will surely be a historic week in the crypto world, Terra’s LUNA, the crypto that backs its dollar-pegged algorithmic stablecoin UST lost over 94% of its value in a single day. Noticeably, it hasn’t been an ordinary crash — but rather an agonizing freefall.
2022-5-12 21:07 | |
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Terra disaster will expedite regulatory clampdown in stablecoin sector, according to Fitch Ratings
2022-5-12 19:11 | |
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“UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk.
2022-5-12 23:01 | |
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Terra LUNA/USD is a decentralized finance blockchain that aims to build a powerful global payments network. It was specifically developed to disrupt the traditional banking system through the mass adoption of stablecoin cryptocurrencies alongside decentralized finance (DeFi) infrastructure.
2022-5-11 16:17 | |
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Here's how Terra (LUNA) team is going to address collapse of TerraUSD (UST) stablecoin
2022-5-11 15:09 | |
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Justin Sun is not bothered by recent Terra collapse
2022-5-11 14:55 | |
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Terra's algorithmic stablecoin, UST, suffered a free fall to lows of $0.61 on May 10 after losing its peg
2022-5-11 14:05 | |
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Billionaire entrepreneur Michael Saylor is known for his bombastic metaphors and high ambitions where Bitcoin is concerned. During an episode of the What Bitcoin Did podcast, Saylor spoke to host PeteThe post Can stablecoin US dollars cause 'every currency other than top dozen to collapse' appeared first on AMBCrypto.
2021-12-4 03:30 | |
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After the recent market collapse, Tether (USDT) and Ripple (XRP) were the first to shoot green leaves. It is OK with Tether, it is more or less clear: the stablecoin did not rise, but simply did not drop.
2019-8-31 18:46 | |
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MakerDao’s stablecoin, Dai, which is collateralized with cryptocurrency [Ethereum by default], is collapsing, according to Preston Byrne. In his tweet thread, Byrne described that the peg for Dai has been weakening over the years and his prediction of it being “a bunch of twaddle” had turned out to be true.
2019-7-15 18:30 | |
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Circle CEO Jeremy Allaire said stablecoins are poised to become essential financial tools worldwide due to their potential to streamline cross-border trade and drive efficiencies in emerging markets, South China Morning Post reported.
Tether’s CEO clarified the firm's position on an official blockchain USDT hit a new high of $120B, reinforcing its position in the stablecoin sector Tether CEO Paolo Ardoino is in the newsThe post ‘Neutrality is important’ - Tether CEO refutes claims of building ‘Tether chain’ appeared first on AMBCrypto.
Are stablecoin reserves holding back liquidity flows into Bitcoin? Bitcoin ETFs have grown significantly lately and might have influenced the crypto's price too Stablecoins play a vital roleThe post Bitcoin and the risk of stablecoin liquidity shortage - Holders should know THIS! appeared first on AMBCrypto.
VanEck’s head of digital assets research, Matthew Sigel, criticized a recent US Treasury Department’s views on digital assets in a recent report, claiming it had an anti-stablecoin stance based on outdated academic views.
Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov.
Tether Limited reported $2. 5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7. 7 billion. The firm’s strong third-quarter numbers were primarily boosted by its gold holdings, which amount to roughly $5 billion, recording $1.
The company's flagship stablecoin USDT is the third-largest cryptocurrency with a $120 billion market capitalization.