Tagged: algorithmic

The Sky is Falling: UST Craters, Crypto Insiders Respond to “Death Spiral”

May 11, 2022 @ 8:56 am By JD Alois |

TerraUSD (UST) has lost its status as a stablecoin as it is now trading at $0.40 $0.35 having dropped to as low as $0.30 in the last 24 hours. UST’s collapse is the hottest story in crypto land as it was, until recently, touted as… Read More

Read more in: Blockchain & Digital Assets, Asia, Featured Headlines, Global, Opinion | Tagged algorithmic, brad yasar, do kwon, dušan kovacic, equifi, janet yellen, lisk, luna foundation guard, max kordek, rockaway blockchain fund, securrency, stablecoins, terra, TerraUSD, ust

Emin Gün Sirer, CEO of Ava Labs, Says Don’t Worry About UST Losing Dollar Peg, Bullish Once Dust Settles

May 10, 2022 @ 9:21 am By JD Alois |

There has been a certain amount of panic and a large amount of discussion regarding UST (TerraUSD), an algorithmic stablecoin ostensibly pegged to the US dollar, losing its one-to-one valuation. Currently, UST is recovering trading around $0.9273 but in the past 24 hours, UST traded… Read More

Read more in: Blockchain & Digital Assets, Asia | Tagged algorithmic, ava labs, daniel shin, do kwon, emin gün sirer, stablecoin, stablecoins, terra, ust