Stablecoin Financial News

13.05 / 18:57

Stablecoin Crime Tether Bitcoin reserves Nomura's Bitcoin OTC, Prosecutors vs. Arthur Hayes, Tether's Reserves + 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.______

13.05 / 16:31

Stablecoin coinbase Legal Terra NOT Coinbase Sued Over Collapsed Stablecoin, but It's Not UST (Yet)

At a time when the third-largest stablecoin, terraUSD (UST) collapsed, a group of Coinbase’s clients are suing the crypto exchange over its alleged role in the promotion and trading of GYEN, another stablecoin the plaintiffs claim brought them millions of dollars in losses.

13.05 / 14:49

business Blockchain Stablecoin Investments Rescue Swiss bail asset manager No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks

GAM Investments has quashed fake news reports that surfaced on Friday that claimed the Swiss asset manager would invest some $3 billion to aid in the recovery of the Terra ecosystem, including LUNA and TrueUSD (UST) stablecoin.

13.05 / 13:33

Stablecoin Tether coinbase Bitcoin Bitcoin set for record losing streak as 'stablecoin' collapse crushes crypto

bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets.Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. Sentiment is particularly fragile, as tokens supposed to be pegged to the dollar have faltered. Bitcoin, the largest cryptocurrency by total market value, managed to bounce in the Asia session and traded at $30,300 at 0623 GMT, up 5%. It has staged something of a recovery from a 16-month low of around $25,400 reached on Thursday.

13.05 / 13:05

business Blockchain Stablecoin Binance Terra Usd Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain

Global cryptocurrency exchange Binance has suspended trading pairs with Terra ecosystem's cryptocurrencies, LUNA and TerraUSD (UST), on its platform following the major crash of the algorithmic stablecoin.

13.05 / 10:55

Blockchain Stablecoin Adoption Decentralization Terra Usd Terra Trust in stablecoins 'infinitely more important' than collateral

In light of recent market effects due to the collapse of the Terra USD (UST) stablecoin, several questions should be answered about what makes a stablecoin usable as the crypto market expands.

13.05 / 08:39

Stablecoin SEC SEC's Hester Peirce says new stablecoin regs need to allow room for failure

Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s (SECs) “crypto mom” — has backed a regulatory framework for stablecoins that allows "room for there to be failure."

12.05 / 21:49

Government Stablecoin Tether Threat financial stability NOT Financial Stablecoins' recent de-pegging is not a 'real threat to financial stability,' says Janet Yellen

According to United States Treasury Secretary Janet Yellen, the stablecoin market is not at the scale at which the drop in the price of TerraUSD (UST) and Tether (USDT) below $1 would present a threat to the country’s financial stability.

12.05 / 20:13

Blockchain Stablecoin Altcoin Terra Luna Terraform Labs Terra Breaking: Terra blockchain officially halted following LUNA price collapse

Validators for the Terra blockchain have decided to officially halt network activity on Thursday in a move designed to prevent governance attacks following the severe devaluation of the network’s LUNA token.

12.05 / 18:53

Stablecoin Tether Tesla Tesla Motors Doge Price Dogecoin eyes 'oversold' bounce as DOGE price gives up 90% of yearly gains

Dogecoin (DOGE) shows the prospect of undergoing a strong price rebound after reaching a technical support confluence on May 12.

12.05 / 17:55

Stablecoin MARKET MakerDAO DAI Weekly UST Competitor Maker Erases Weekly Gains

The price of the stablecoin protocol Maker’s governance token MKR has erased all of its gains from this week, after spiking up by close to 90% on Wednesday.

12.05 / 16:29

business Blockchain Stablecoin Tether Untethered: Here’s everything you need to know about TerraUSD, Tether and other stablecoins

The crypto winter could be claiming more casualties among the stablecoin camp. The depegging of TerraUSD (UST) on May 10 triggered market selloffs, and now Tether (USDT) appears to be losing its footing. It has slipped against the U.S. dollar.

12.05 / 16:11

Waves Stablecoin Binance Tether small-cap Small-cap Stablecoins Struggle to Maintain Peg as Crypto Market Crashes

Some smaller-cap stablecoins are struggling to maintain their targeted peg, which is mainly USD 1, amid a huge bloodbath in crypto that has wiped off billions from the market.

12.05 / 13:43

Stablecoin Altcoins Terra Rescue LUNA Dives Below USD 0.05, UST Trends Lower Despite New Rescue Plans

The two most-discussed tokens this week - luna (LUNA) and terraUSD (UST) kept moving lower, despite the team behind these projects announcing "three more emergency actions" in an attempt to save the UST algorithmic stablecoin.

12.05 / 13:05

Stablecoin MARKET Tether USDT Market Panic Puts Tether Peg Under Pressure

A panic across the crypto market early Thursday morning in Europe put the stablecoin tether (USDT)’s US dollar peg under pressure, with the token trading as low as USD 0.91 on some exchanges. The crash has led some to wonder why arbitrage traders don’t seem to want “free money.”

12.05 / 13:03

business Blockchain Stablecoin Burn stake Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’

The Terra rescue story continues to unravel. In a tweet thread, the Terra Money Twitter account went into greater detail regarding the CEO of Terraform Labs, Do Kwon's rescue plan for UST.

12.05 / 13:03

Stablecoin Tether Bitcoin USDT-dollar peg wobbles as markets continue to struggle: Tether CTO weighs-in

Cryptocurrencies markets continue to suffer major losses following the depegging of Terra (LUNA) ecosystem's stablecoin UST - causing discrepancies between stablecoin pegs and the value of Bitcoin (BTC).

12.05 / 13:03

business Stablecoin Binance Trading Terra Luna Perpetual Binance Futures delists coin-margined LUNA perpetual contracts

Amid collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues deactivating related trading services.

12.05 / 11:19

Stablecoin Gemini BlackRock Bitcoin Citadel Securities, BlackRock Claim They Had No Role in the UST Collapse

Global market maker Citadel Securities and major asset manager BlackRock have denied involvement in the collapse of Terra's algorithmic stablecoin TerraUSD (UST).

12.05 / 09:59

markets Stablecoin Tether Bitcoin 2020 Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips under 99 cents

Bitcoin (BTC) fell out of its long-term trading range on May 12 as ongoing sell pressure reduced markets to 2020 levels.

12.05 / 00:33

Stablecoin Google CME Bitcoin Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard

Bitcoin (BTC) price initially bounced from its recent low at $29,000 but the overall market sentiment after a 25% price drop in five days is still largely negative. Currently, the crypto "Fear and Greed Index," which uses volatility, volume, social metrics, Bitcoin dominance and Google trends data, has plunged to its lowest level since March 2020 and at the moment, there appears to be little protecting the market against further downside.

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