Stablecoin

Luna Foundation Guard's Reserve Balance Declines to Zero to Defend UST Peg
Luna Foundation Guard’s Reserve Balance Declines to Zero to Defend UST Peg
Luna Foundation Guard (LFG) has moved all of its reserves to bitcoin exchanges to defend its UST stablecoin’s 1:1 dollar peg. LFG’s reserve balance has declined from 80,394 BT...
Luna Foundation Guard's Reserve Balance Declines to Zero to Defend UST Peg

Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
Terraform Labs founder Do Kwon has been revealed as one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash. This comes as TerraUSD (UST) and T...
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash

Stablecoin USDN loses its dollar peg. (TradingView)
Crisis in Terra's UST Stablecoin Spreads to Neutrino USD on Waves Protocol
Algorithmic stablecoins are under pressure after Terra's UST lost its $1 peg.
Stablecoin USDN loses its dollar peg. (TradingView)

UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks
UST Woes Draw Spotlight in Janet Yellen’s Senate Hearing on Financial Risks
During testimony before the Senate Banking and Urban Affairs Committee on Tuesday, U.S. Treasury Secretary Janet Yellen said the depegging of UST reveals the risks to financia...
UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks

Yellen’s Stablecoin Warning; China’s E-CNY Plans Looking Shaky
Yellen’s Stablecoin Warning; China’s E-CNY Plans Looking Shaky
Janet Yellen cites Terra’s UST fiasco while warning over stablecoins. Crypto.com COO warns of tough times ahead for markets. Asian Games postponement, Covid-19 lockdowns affec...
Yellen’s Stablecoin Warning; China’s E-CNY Plans Looking Shaky

Anchor community drafted a proposal to save UST. (Javardh/Unsplash)
Anchor Community Submits Proposal to Restore UST Peg
Algorithmic stablecoin TerraUSD has fallen sharply from its $1 peg over the past 48 hours.
Anchor community drafted a proposal to save UST. (Javardh/Unsplash)

Terra's UST stablecoin fell off its peg Monday amid crypto market turmoil. (moonjazz/flickr)
UST Backer LFG Seeks $1B to Shore Up Stablecoin Peg: Report
The funding is needed because the dollar-pegged stablecoin dropped as low as 60 cents Monday amid broader market turmoil.
Terra's UST stablecoin fell off its peg Monday amid crypto market turmoil. (moonjazz/flickr)

Yellen Highlights UST Woes at Hearing on Financial Risks: Will Stablecoin Regulation Come Sooner Than Later?
Yellen Highlights UST Woes at Hearing on Financial Risks: Will Stablecoin Regulation Come Sooner Than Later?
U.S. Treasury Secretary Janet Yellen brought up the ongoing distress of the UST stablecoin during testimony before the Senate Banking Committee on Tuesday. This came as UST de...
Yellen Highlights UST Woes at Hearing on Financial Risks: Will Stablecoin Regulation Come Sooner Than Later?

UST Stablecoin's Dollar Peg Collapse: What Happened and Why it Matters
UST Stablecoin’s Dollar Peg Collapse: What Happened and Why it Matters
Terra’s algorithmic stablecoin UST lost its dollar peg, falling as low as $0.65 before rebounding. “The Hash” panel discusses what happened, how we got here, why these develop...
UST Stablecoin's Dollar Peg Collapse: What Happened and Why it Matters

Fed Issues Stablecoin Warning Amid TerraUSD Collapse
Fed Issues Stablecoin Warning Amid TerraUSD Collapse
CoinDesk’s Nikhilesh De discusses a new report issued by the Federal Reserve warning of stablecoin risks as the TerraUSD (UST) coin lost its dollar peg, dropping as low as $0....
Fed Issues Stablecoin Warning Amid TerraUSD Collapse