The US government finally got its metaphorical hands on Do Hyeong Kwon, the 33-year-old Korean national who built a financial empire on the cryptocurrency Luna and the "stablecoin" TerraUSD, only to ...
Terra’s stablecoin UST hit $10 billion earlier this week. The platform’s other token, Luna, has also touched over $31 billion in market capitalization. Terra has surpassed MakerDAO ’s DAI ...
asked pseudonymous trader RunnerXBT. Anchor was the protocol responsible for delivering a 20% yield on Terra Luna’s algorithmic stablecoin. “Can we not?” he added moments later. In May 2022 ...
Luna Foundation Guard (LFG) has bought over 11,700 BTC worth roughly $520 million so far this week to build a bitcoin reserve to support its stablecoin, TerraUSD (UST). While many in the Bitcoin ...
The Terra Classic (LUNC) and Terra (LUNA) split was instigated following a significant de-pegging event of the TerraUSD (UST) stablecoin from its $1 target value. The devaluation sparked a downward ...
Terra's USD-backed stable coin – TerraUSD(UST) – is presently worth around $0.6, down by over 33 percent in the last seven days, similar to LUNA. The stablecoin had already dropped 55 percent ...
As the Terra stablecoin becomes depegged from the U.S. dollar, the biggest buyer of bitcoin in recent months could become its biggest forced seller. As the Terra stablecoin becomes depegged from the U ...
and the Terra-Luna stablecoin last year. The SEC has gone after high-profile crypto companies like Coinbase and Binance this year. However, PayPal, a non-crypto firm, might be looking to avoid ...
TerraUSD (UST) is an algorithmic stablecoin issued and backed through the Terra (LUNA) ecosystem. That means that instead of the stablecoin being backed by holdings of U.S. dollars, UST maintains ...
Collaboration could boost sentiment and adoption for both ADA and LUNC tokens, strengthening their positions in the crypto ...