Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%
Almost 12 months again, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. greenback, inflicting the Terra ecosystem to crumble shortly thereafter. At...
Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and...
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his firm...
Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps $0.91 Low This Week
Approximately 14 days in the past, the stablecoin neutrino usd (USDN) tapped a excessive of $0.994 per unit, and ever since then, USDN has not...
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
After the Terra UST fallout and the present crypto market volatility, many eyes have been targeted on the Tron-based algorithmic stablecoin USDD. On June 13,...
A New Terra Network Is Coming With Support From Major Exchanges, LUNA and UST Holders Eligible for Airdropped Tokens
According to a current announcement from the Terra blockchain staff, the neighborhood voted and handed a proposal that plans to launch a brand new genesis...
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD
Seven days in the past, Bitcoin.com News reported on the Tron DAO Reserve buying $38 million in tron to safeguard the community’s stablecoin USDD. Since...
Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY
Following the governance vote that aimed to implement a semi-dynamic earn price for the Anchor Protocol, the decentralized finance (defi) platform’s earn price adjusted downward...
Tron’s Justin Sun Reveals Decentralized Algorithmic Stablecoin USDD
On April 21, Justin Sun, the founding father of Tron, introduced the launch of a decentralized algorithmic stablecoin referred to as USDD. Sun stated on...
Terra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin
The algorithmic stablecoin stemming from the Terra (LUNA) community has change into the third-largest stablecoin token when it comes to market capitalization at $17.54 billion....