Stablecoin Financial News

17.05 / 12:11

Blockchain Stablecoin SEC Bitcoin Threat financial stability Financial This week’s Law Decoded: Is depegging a real threat to financial stability?

This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29 following the general meltdown of both crypto and financial markets, but it was also the headliner of stablecoins’ niche, while Tether (USDT) lost the balance and slid to $0.96 for a short time.

17.05 / 11:27

cryptocurrency Stablecoin Bitcoin Luna Opinion: The Hong Kong Dollar Is The Best Stablecoin. Sorry, Terra And Luna

The celestial algorithm that keeps the moon in its orbit around the earth clearly works a lot better than the one that governed Luna and Terra. The cryptocurrency pair's collapse last week has put a question mark on the very premise of stablecoins: stability.

17.05 / 06:55

business Stablecoin Tether Usd Coin reserves Stablecoin supplies and cash reserves in question amid crypto exodus

Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT) resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion.

16.05 / 23:57

markets Ethereum Stablecoin Adoption MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security

Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of the top decentralized finance (DeFi) platforms sparked an event that resulted in $900 billion vanishing from the total crypto market capitalization.

16.05 / 18:55

Stablecoin Adoption Career goldman sachs Another Crypto Tax Haven in Danger, Goldman's & Nomura's Moves, DEI Depegs, NFTs on Spotify + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.______

16.05 / 16:49

Stablecoin Altcoins Terra Terra's Do Kwon Liquidated the South Korean Arm of Terraform Before LUNA & UST Crisis

New reports fuelled speculations that Do Kwon (real name Kwon Do-hyeong) may have been aware of a storm brewing for the terra (LUNA) platform – and that the Terraform Labs mastermind may have taken action to dissolve domestic parts of his company as early as last month in anticipation.

16.05 / 16:35

Blockchain Stablecoin defi Deus Finance’s dollar-pegged stablecoin DEI falls below 60 cents

As the market continues to mourn over losses on the Terra UST and LUNA debacle, DEI, a stablecoin used as a collateral mechanism for third-party instruments built on the Fantom-based decentralized finance (DeFi) protocol DEUS Finance (DEUS), has failed to maintain its dollar peg, falling below 60 cents on Monday.

16.05 / 16:27

Government Blockchain Stablecoin Adoption CBDC activity heats up, but few projects move beyond pilot stage

Government-issued electronic currency seems to be an idea whose time has come.

16.05 / 14:29

business Blockchain Stablecoin regulation gone Reserve 80,000 Bitcoin gone: What’s left in Luna’s reserve wallet?

The Luna saga continues. In a Twitter thread, the team behind the failed algorithmic stablecoin UST and the token LUNA shared precisely how much Bitcoin and crypto assets they had disposed of.

16.05 / 14:03

Stablecoin Terra Bitcoin compensation Luna Foundation Says Nearly Entire Bitcoin Stack Spent, Promises Compensation to UST Users

The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the terraUSD (UST) peg, said it spent nearly all of its bitcoin (BTC) held in reserves to defend UST’s dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated, LFG said.

16.05 / 13:47

cryptocurrency Stablecoin Tether Bitcoin Bitcoin back below $30,000; European regulators renew crypto warnings

Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle.

16.05 / 13:45

Ethereum cryptocurrency Stablecoin Terra Luna Bitcoin Bitcoin slips back below $30,000 as European regulators renew crypto warnings after Terra Luna crash

Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend as regulators continued to circle.

16.05 / 11:53

Stablecoin MARKET Altcoins Terraform Labs Terra Vitalik Buterin & Binance CEO Chime In as Do Kwon Proposes Another Terra 'Revival' Plan

Big players in the crypto industry do not seem supportive of the latest Do Kwon's proposal of how to help the collapsed Terra (LUNA) ecosystem.

16.05 / 11:33

Stablecoin regulation bills UK treasury UK Treasury en route to legalizing stablecoins amid Terra's UST crash

United Kingdom’s Department of Treasury, or Her Majesty's Treasury, has reportedly decided to go ahead with regulating stablecoins as legal tender. While welcomed by the crypto community, the decision comes as a shocker due to its proximity to the recent fall of one of the most popular algorithmic stablecoin, TerraUSD (UST).

16.05 / 08:09

Blockchain Stablecoin Terra Usd Terra NOT Vitalik: Terra should protect the smallholders, not the whales

Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra (LUNA) project should prioritize small hodlers as part of any proposed reimbursement plan.

16.05 / 08:05

cryptocurrency Stablecoin Tether Bitcoin "Stablecoin" Hasn't Killed Crypto, But It Was A Narrow Escape

Stablecoins are a vital part of crypto.

15.05 / 12:45

Government Stablecoin Tether Dollar $1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus

The cryptocurrency market has lost $1.9 trillion six months after it soared to a record high. Interestingly, these losses are bigger than those witnessed during the 2007's subprime mortgage market crisis — around $1.3 trillion, which has prompted fears that creaking crypto market risk will spill over across traditional markets, hurting stocks and bonds alike.

14.05 / 00:11

business Stablecoin MicroStrategy Funding Terraform Labs Crypto Biz: Luna’s meltdown will live on in infamy, May 5-11, 2022

Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA) reach $1.00 first? The magnitude of this question provides a sobering reminder of just how quickly things can change in crypto. While Terraform Labs co-founder Do Kwon remains defiant, many people in the industry are beginning to distance themselves from the protocol they thought was delivering real-world utility for stablecoins and Bitcoin (BTC).

13.05 / 21:11

Blockchain Stablecoin Tokens Terraform Labs Terra Breaking: Do Kwon proposes Terra revival, including token redistribution plan

Terraform Labs co-founder Do Kwon has tabled a proposal to preserve the Terra ecosystem following the historic de-pegging of its algorithmic stablecoin, UST, and the resulting death spiral that plunged LUNA tokens to practically zero.

13.05 / 19:53

Stablecoin scam community Bitcoin After Terra's Collapse, Cryptoverse Reflects on ‘Ponzi-like Assets’, Role of VCs, and 'Ignorant' Crypto People

It’s time for some self-reflection in the crypto community after the spectacular collapse of the terraUSD (UST) stablecoin and the entire Terra (LUNA) ecosystem.

13.05 / 19:17

Blockchain Technology Stablecoin Adoption What happened? Terra debacle exposes flaws plaguing the crypto industry

The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of Terra, a Cosmos-based protocol that powers a suite of algorithmic stablecoins.

Stablecoin Financial News

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