UST

A pile of trash in the Terra Club at Nationals Ballpark (Danny Nelson/CoinDesk)
Regulators Are Paying Attention to UST
The collapse of terraUSD (UST) is algorithmic stablecoins’ Libra moment.
A pile of trash in the Terra Club at Nationals Ballpark (Danny Nelson/CoinDesk)

Justin Sun on CoinDesk TV’s “First Mover” (CoinDesk TV, modified by CoinDesk)
Justin Sun Still Thinks Algorithmic Stablecoins Are a Good Idea
The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”
Justin Sun on CoinDesk TV’s “First Mover” (CoinDesk TV, modified by CoinDesk)

Avalanche Says Luna Foundation Guard Has ‘No Plans' for AVAX Tokens
Avalanche Says Luna Foundation Guard Has ‘No Plans’ for AVAX Tokens
Smart-contract blockchain Avalanche said in a tweet that Luna Foundation Guard (LFG), the entity behind Terra blockchain’s failed UST stablecoin, has “disclosed no plans” for...
Avalanche Says Luna Foundation Guard Has ‘No Plans' for AVAX Tokens

Tron Founder Justin Sun on Stablecoins in Wake of Terra Collapse
Tron Founder Justin Sun on Stablecoins in Wake of Terra Collapse
Tron founder Justin Sun discusses his take on the Terra ecosystem in the wake of UST’s meltdown, the risks and benefits of algorithmic stablecoins, the impact of Tether’s USDT...
Tron Founder Justin Sun on Stablecoins in Wake of Terra Collapse

Tron Founder Justin Sun on Stablecoins in Wake of Terra Collapse
Tron Founder Justin Sun on Stablecoins in Wake of Terra Collapse
Tron founder Justin Sun discusses his take on the Terra ecosystem in the wake of UST’s meltdown, the risks and benefits of algorithmic stablecoins, the impact of Tether’s USDT...
Tron Founder Justin Sun on Stablecoins in Wake of Terra Collapse

The U.K.'s financial regulator will consider Terra when it puts together new crypto regulations. (Ramberg/Getty Images)
UK Regulator to Consider Terra Coins’ Collapse in New Crypto Rules: Report
Market instability in stablecoins will need to be taken into account, the FCA's executive director for markets said.
The U.K.'s financial regulator will consider Terra when it puts together new crypto regulations. (Ramberg/Getty Images)

Bitcoin Dominance Soars to 2022 Highs
Bitcoin Dominance Soars to 2022 Highs
Bitcoin dominance, a measure of BTC’s percentage of total crypto market capitalization, is advancing 1% today and is up ~10% since the collapse of Terra’s LUNA and UST. What d...
Bitcoin Dominance Soars to 2022 Highs

Markets Daily Podcast Cover
Crypto News Roundup for May 19, 2022
With bitcoin steadying below $30,000, and a look at the human costs of speculation, CoinDesk’s Markets Daily is back with the latest news roundup.
Markets Daily Podcast Cover

MakerDAO Founder: UST Was a 'Big Ponzi Scheme'
MakerDAO Founder: UST Was a ‘Big Ponzi Scheme’
In the aftermath of TerrUSD’s (UST) $14 billion collapse, Rune Christensen, founder of MakerDAO, a decentralized credit platform on Ethereum that supports the Dai (DAI) stable...
MakerDAO Founder: UST Was a 'Big Ponzi Scheme'

When Terra's UST stablecoin fell of its peg, it undermined confidence in stablecoins. (moonjazz/flickr)
Despite Recent Bumps in the Road, Stablecoins Will Stick Around
Why institutional investors will again move past digital assets’ volatility and bad headlines.
When Terra's UST stablecoin fell of its peg, it undermined confidence in stablecoins. (moonjazz/flickr)