Tether is under pressure after Terra’s UST lost its dollar peg
The final 4 days have been fairly eventful within the crypto market. The information has been dominated by the Terra (LUNA) crash after its UST stablecoin misplaced its peg with….
Tag: UST
Research Reveals UST Stablecoin And Its Kinds Pose Great Risks Ahead
On the tenth of Might, the UST greenback peg hit lows of $0.6. The stablecoin was challenged over skinny liquidity, shortly after the Luna Basis Guards (LFG) completed constructing its $3….
Here’s How the Attacker Possibly Made Over $800 Million In A Coordinated Attack on UST
Because the starting of the week, Terra’s UST stablecoin has seen a serious crash de-pegging from the USD. On the similar time, Terra’s native cryptocurrency LUNA has corrected by over….
LUNA Tanks Another 57% Slipping Under $20, Do Kown to Announce UST Recovery Plan
Issues appear to be getting from dangerous to worse for the Terra ecosystem because the LUNA value continues its additional correction. Within the final 24-hours, LUNA misplaced one other 57%….
$UST Decline: Here’s U.S. Government’s Quick Response
The UST stablecoin’s dramatic decline in worth featured in U.S. Treasury Secretary Janet Yellen’s testimony earlier than the committee on banking, housing, and concrete affairs, U.S. Senate, on Tuesday. Yellen….
Crypto Exchange Binance Suspends Withdrawal of Terra (LUNA) and UST Stablecoins
The UST stablecoin de-peg with the U.S. Greenback has created a storm on Satoshi Avenue. Earlier right now, the UST value dropped to a low of $0.60 de-pegging by a….
How Terra Is Using Its Bitcoin Reserves To Keep UST Stable
Terra, by means of the Luna Guard Basis (LFG), has been buying bitcoin to make use of as reserves for its UST stablecoin. This has gone properly in accordance with….
Luna Foundation Guard Takes Corrective Measures to Protect UST Peg, Here’s How
The Luna Basis Guard has as soon as once more come ahead saying some key measures to safeguard the Bitcoin peg for its native UST stablecoin. Final weekend turned out….
Terra’s LUNA Tumbles, Why This Could Be Bad For The UST Stablecoin
Terra’s native token LUNA slumped over the previous week as a broader downturn within the crypto market hit the token significantly onerous. It’s the amongst worst performing tokens among the….
Terra’s Stablecoin UST Is Now Crypto’s Third Biggest
Terra’s US dollar-pegged algorithmic cryptocurrency UST is shifting up the ladder and now ranks third when it comes to total market capitalization. As we speak, the fast-growing Terra USD (UST)….