Tagged: ust

Terra Stops/Starts Validators Again, LUNA Goes to Zero with TerraUSD Chasing it

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The collapse of TerraUSD (UST), an attempt to create an algorithmic stablecoin, and the demise of LUNA has captured the attention of the entire crypto-sphere. Going from billions to almost nothing is a spectacular event. Inevitably there is a pile on of “I told you… Read More

Terra Halts Validators. Is it the End? [u]

Wheels Fall Of Wreck Clunker Dud Failure Collapse

Terra, the creator of the algorithmic stablecoin TerraUSD (UST) and LUNA, has halted the Terra blockchain. In a Tweet, Terra.Money stated: The Terra blockchain was officially halted at a block height of 7603700. https://lcd.terra.dev/blocks/latest Terra validators have decided to halt the Terra chain to prevent… Read More

Shade: Binance Discusses the Importance of Fiat Backed Stablecoins

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While TerraUSD (UST) has lost more than half of its dollar-pegged stablecoin value, Binance – the issuer of its own stablecoin – has published a blog post discussing the importance of fiat-backed stablecoins. As the crypto world knows, UST is an algorithmic stablecoin designed to… Read More

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

Train Wreck Demise Collapse Disaster

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

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

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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

Digital Assets: LFG to Acquire $100M in AVAX Tokens to “Strategically” Align Terra, Avalanche Ecosystems

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The Luna Foundation Guard (LFG), a recently formed non-profit to support decentralization, economic sovereignty, and foster the growth of the Terra ecosystem, “will add AVAX to its new UST Decentralized Forex Reserve.” By diversifying the base of non-correlated assets “to major assets like BTC and… Read More

TerraUSD (UST) Trading Began Feb 17 on Kraken, Trades with Altair (AIR) Now Supported as Well

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The team at digital asset firm Kraken is pleased to confirm that their platform now supports TerraUSD (UST). Clients may now add UST to their Kraken accounts by navigating to Funding, choosing the asset, and hitting Deposit. Trading is scheduled to begin on February 17,… Read More

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