Tag: PEG
UST Backer LFG Seeks $1B to Shore Up Stablecoin Peg: Report
The funding comes as the dollar-pegged stablecoin dropped as low as $0.60 yesterday amid broader market turmoil.
www.coindesk.com [...]
UST Stablecoin Veers Wildly From Dollar Peg. Here's the Latest
By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021.
w [...]
Terra peg mechanism in doubt as UST crashes to 67 cents
The third-largest stablecoin by market cap Terra USD (UST) appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop [...]
New Fed Report Repeats Warning About Stablecoin Run Risks as UST Loses Peg
The U.S. government again named stablecoins as a potential threat to the stability of the financial system, with both the Federal Reserve and a senior [...]
42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on Monday, raising questions about [...]
Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg
Deposits on the Anchor protocol plunged below $9 billion from $14 billion since Friday after Terra’s stablecoin, UST, struggles to recover to $1. ANC, [...]
UST Stablecoin Falls Below Dollar Peg for Second Time in 48 Hours
The development comes after the Luna Foundation Guard announced that its massive bitcoin reserves will be used to defend the UST’s dollar peg.
www.co [...]
LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion wort [...]
Luna Foundation Guard Lens $1.5B in BTC and UST for Stablecoin Peg
The move comes after UST briefly lost its peg to the U.S dollar over the weekend.
www.coindesk.com [...]
UST briefly loses peg, Luna Drops 10%
UST briefly lost its dollar peg on Saturday, leading to questions around whether Terra’s Bitcoin reserves will soon face their first test
www.coindes [...]
Neutrino Dollar breaks peg, falls to $0.82 amid WAVES price ‘manipulation’ accusations
Neutrino Dollar (USDN), a stablecoin issued through Waves-backed Neutrino protocol, lost its U.S. dollar-peg on April 4 amid speculations that it coul [...]
Waves' USDN Stablecoin Loses Peg, Drops 15% Amid Manipulation Scare
USDN's market capitalization had nearly doubled to $850 million in March.
www.coindesk.com [...]
