Tag: terra ust

Jun 29 2022

Terra USTC Price Skyrockets By 75%; Will It Recover More?

Jun 29 2022 Published at Coingape under tags  altcoin news news terra (luna) terra ust

Terra’s collapsed tokens TerraClassicUSD (USTC) and Terra Classic (LUNC) which triggered the crypto market crash have registered a massive price surge over the past few days. Meanwhile, LUNA 2.0 prices have also jumped by around 30% in the past 7 days. LUNC price up by 41% According to the Santiment, the crypto community has deserted...

Jun 27 2022

Terra USTC Jumps 300%; Lands Back In Top 100 Cryptos

Jun 27 2022 Published at Coingape under tags  altcoin news news terra (luna) terra ust

Terra’s collapsed stablecoin USTC prices recorded a sudden jump of over 300% over the past 24h hours. This instant spike has led the token to again enter the top 100 cryptocurrencies. USTC 24 hr trading vol up by 400% Amid the increased volatility related to Terra’s newly launched token LUNA 2.0, TerraClassicUSD has managed to...

May 17 2022

WOO Network Halts Terra’s LUNA Trading Just Hours After Relisting It

May 17 2022 Published at Coingape under tags  altcoin news news terra (luna) terra ust

The Terra disaster has led the largest cryptocurrency exchanges to delist the LUNA and UST tokens. But DeFi exchange WOO network sought to go against the grain by relisting LUNA, which it did on Monday. But the overwhelming number of transactions may have proven too much for the exchange, as it suspended trading of the...

May 13 2022

This LUNA $UST Stablecoin Rival Makes Positive Strides Amid Crash

In the midst of an unprecedented meltdown of the Terra blockchain and the market's subsequent testing of stablecoin prices, another algorithmic stablecoin is making significant strides. In a latest move, Tron's USDD stablecoin has been officially listed on the Huobi exchange on Friday. The move could significantly help the stablecoin expand its base further. TRON...

May 11 2022

This Billionaire Warned Against Algorithmic Stablecoins in 2021, What’s Next?

Despite criticism from various quarters, the phenomenon of algorithmic stablecoins continued to gain popularity until recent past. After the massive decline in $UST’s value earlier this week, all the spotlight is on the vulnerability of these code-based stablecoins. Criticism Clouded Algorithmic Stablecoins Questions were raised in the past over a lack of collateral that supported...

Mar 30 2022

Terra Foundation Aims To Bring UST Bitcoin Reserve To $10 Billion

The Terra blockchain has set the lofty goal of solidifying the status of its core innovation, algorithmic stablecoins. Do Kwon, the founder of Terra, has stated that the...

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