UST Stablecoin Briefly Loses Peg, Luna Drops 10%
The Saturday event led to questions about whether Terra’s bitcoin reserves will soon face their first test
Is Justin Sun's USDD Stablecoin a Copycat?
Crypto analysts took a stab at Tron Founder Justin Sun’s new algorithmic stablecoin decentralized USD (USDD), calling it a clone of Terra’s UST coin. "The Hash” group discusses Tron’s whitepaper being an alleged copy of Ethereum, the rapid growth of UST and signs of increasing algorithmic stablecoin adoption.
Luna Foundation Guard Acquires $1.5B in Bitcoin to Reinforce Stablecoin Reserves
The purchase brings LFG's holdings to more than 80,000 bitcoins, or nearly $3 billion.
'Revolution' Promised by Tron's Justin Sun Looks Like Clone of Terra's Algorithmic Stablecoin
Tron, an Ethereum competitor blockchain, is the latest to launch an algorithmic stablecoin inspired by the success of Terra’s UST. It has lofty goals for USDD, but not much else.
Terra to Provide UST Liquidity on Polygon-Based SynFutures
Terra will provide liquidity for TerraUSD (UST) trade pairs on Polygon-based decentralized finance (DeFi) exchange SynFutures as the stablecoin continues to grow in popularity. “The Hash” group discusses the Luna Foundation Guard’s (LFG) bitcoin acquisitions to back the digital asset and Terra’s efforts to build cultural bridges with external ecosystems like Avalanche.
Hester Peirce Sounding Off on SEC’s Plans for More Crypto Enforcement Staff
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce discusses her opposition to the addition of 20 new jobs on the regulatory agency’s crypto enforcement squad. Plus, a conversation on the agency’s investigation into Terra Luna and Elon Musk’s ability to move crypto markets with his Twitter presence.
Terra to Provide UST Liquidity on Polygon-Based SynFutures
SynFutures processed over $266 million in trades over the past week.
First Mover Asia: Singapore’s Distaste for Retail Crypto Spooks Institutional Money
Three Arrows Capital's decision last week to move its headquarters to Dubai reflects growing concerns about the city-state's increasing regulatory scrutiny of crypto; bitcoin returns to where it started the weekend.
LUNA Supply Drops to All-Time Low – But Don’t Call It Deflationary
To keep up with the demand for Terra’s UST stablecoin, LUNA tokens are burned to maintain the $1 peg. All things being equal, less supply could help to support the price.
La oferta de LUNA cae a su mínimo histórico, pero no lo llames deflacionario
Para KEEP al día con la demanda de la moneda estable UST de Terra, se queman tokens LUNA para mantener la paridad de 1 dólar. En igualdad de condiciones, una menor oferta podría ayudar a sostener el precio.