Tag: PEG
Tron’s Stablecoin Peg to Dollar Wobbles; Justin Sun Swears to Deploy $2B to Prop Up
Tron founder Justin Sun tweeted Monday that the funding rate on the Binance exchange for betting against, or "shorting," the Tron blockchain's native [...]
USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg
While the market has not yet fully recovered from the onslaught caused by the TerraUSD (UST) depeg, another stablecoin project shows signs of distress [...]
Tether Is Quiet About Its Bankers. Will It Affect Its Peg?
Senior [European Union] officials are expected to sign off on the oil embargo in the coming days, raising the intensity of the bloc’s economic retalia [...]
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 no where near the price estimates of most analysts, multiple st [...]
Fantom Stablecoin DEI Becomes Latest to Lose Dollar Peg
DEI lost as much as 46 cents in European hours this morning. It follows a trend of several algorithmic stablecoins losing their pegs.
www.coindesk.co [...]
First Mover Americas: BTC Drops 2020 Levels of $25K and Tether Loses $1 Peg
The latest moves in crypto markets in context for May 12,2022.
www.coindesk.com [...]
Crypto meltdown deepens as stablecoin Tether drops below dollar peg By Reuters
© Reuters. FILE PHOTO: A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic
By Alun J [...]
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 be [...]
Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of near $24K
Weak sentiment around stablecoins may have contributed to USDT’s depegging this morning.
www.coindesk.com [...]
Bitcoin falls below $27K to December 2020 lows as Tether stablecoin peg slips under 99 cents
Bitcoin (BTC) fell out of its long-term trading range on May 12 as ongoing sell pressure reduced markets to 2020 levels.BTC/USD 1-hour candle chart (B [...]
'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
DAI briefly surpassed UST as the biggest DeFi stablecoin on Wednesday.
www.coindesk.com [...]
Terra founder Do Kwon shares plan to save the UST stablecoin peg
Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA) and TerraUSD (UST) endured a face-ripping [...]
Anchor Community Submits Proposal to Restore UST Peg
Community members form Anchor have submitted proposals to save the UST peg.
www.coindesk.com [...]
Bitcoin Flirts With $30K During Asia Trading Day as Luna Foundation Guard Fights to Defend UST Peg
Bitcoin was down over 3.5% throughout the trading day in Asia, briefly touching the $30,230 mark, according to the CoinDesk price index, as the Luna F [...]
UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg
Luna Foundation Guard’s billions of dollars in bitcoin without an actual infrastructure ready to deploy left Terra’s stablecoin UST vulnerable to a ‘S [...]