Opinion

‘Built to Fail’? Why TerraUSD’s Growth Is Giving Finance Experts Nightmares

The Terra/Luna blockchain is growing at a blinding pace. At its heart, according to some critics, is a ticking time bomb.

A bank run in progress at New York City's American Union Bank on April 26, 1932. A run on an algorithmic stablecoin would similarly leave some depositors empty-handed. (Wikimedia)

Opinion

« Construit pour échouer » ? Pourquoi la croissance de TerraUSD donne des cauchemars aux experts Finance

La blockchain Terra/ LUNA croît à un rythme fulgurant. Au cœur, selon certains critiques, se trouve une bombe à retardement.

A bank run in progress at New York City's American Union Bank on April 26, 1932. A run on an algorithmic stablecoin would similarly leave some depositors empty-handed. (Wikimedia)

Opinion

¿'Construido para fracasar'? Por qué el crecimiento de TerraUSD está dando pesadillas a los expertos Finanzas

La cadena de bloques Terra/ LUNA está creciendo a un ritmo vertiginoso. En el fondo, según algunos críticos, hay una bomba de tiempo.

A bank run in progress at New York City's American Union Bank on April 26, 1932. A run on an algorithmic stablecoin would similarly leave some depositors empty-handed. (Wikimedia)

Layer 2

The Risks Behind LUNA-UST Stablecoin, According to a Bearish Academic

The Terra ecosystem's breakout success may be "unsustainable," University of Calgary law professor Ryan Clements said on CoinDesk TV's “First Mover.”

LUNA-UST Stablecoin Shows Risks of Destabilization, Law Professor Says (Ganapathy Kumar/Unsplash)

Tech

Frax, Terra-Backed 4pool Goes Live on Fantom Network, Attracts $31M

Frax is working on supporting Fantom projects interested in joining the yield pool, its founder confirmed.

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Videos

Systemic Risks in Terra LUNA Ecosystem

Professor Ryan Clements of the University of Calgary discusses the dynamics of the Terra LUNA ecosystem as UST becomes the third-largest stablecoin. Clements explains the systemic risk issues of the UST stablecoin and the Anchor protocol’s role in maintaining traction. Plus, a conversation about outside investments and Terra’s bitcoin reserves. 

Recent Videos

Markets

Terra’s LUNA Surges 17% as UST Becomes Third-Largest Stablecoin

Terra has also purchased record amounts of Convex tokens in the past month, research found.

(Annie Spratt/Unsplash)

Markets

Tether's Paolo Ardoino on UST: 'It's All Fun and Games' Until You're a $100B Coin

The algorithmic stablecoin's growth has surpassed its larger rivals.

Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Twitter/Bitfinex, modified by CoinDesk)

Markets

First Mover Asia: Terra Is 2022’s Version of Corporate Bitcoin Buying; Cryptos Hold Steady in Weekend Trading

The Luna Foundation Guard now holds about $1.7 billion in bitcoin, but crypto markets seem unimpressed with its purchases this year; bitcoin and ether are flat.

Terraform Labs CEO Do Kwon on CoinDesk TV in December.

Markets

Terraform Labs Gives $820M in LUNA Tokens to Luna Foundation Guard

LFG's reserves now stand at about $2.4 billion.

Terraform Labs CEO Do Kwon on CoinDesk TV in December.