Tag: TerraUSD
Cardano to Launch “Stablecoin Algorithm” in 2023, Community Worries It Will End Up Like TerraUSD
With the new announcement that Cardano is launching an algorithmic stablecoin in 2023, many community members have voiced their concerns. By comparing the project with TerraUSD (UST), which caused huge…
Terraform Labs , LFG Publish Audit on TerraUSD (UST) Price Protection and Find No Misuse of Funds
Luna Foundation Guard (LFG) and Terraform Labs (TFL) released a technical audit of TerraUSD (UST) price protection efforts between 8 and 12 May.have a purposeto answer questions “Allegations posted on…
Tether CTO Paolo Ardoino spoke about TerraUSD (UST).
The rapidly growing popularity of TerraUSD Stablecoin comes with risks due to its reliance on the dollar-binding algorithm. “It is fun and a game if you are a $5 billion…
Terra Founder Plans to Raise $10 Billion in BTC Reserves to TerraUSD (UST)
Do Kwon, the founder of Terraform Labs (TFL) and Terra (LUNA), has outlined plans to accumulate $10 billion worth of Bitcoin (BTC) to increase the project’s stablecoin reserves. At this…
TerraUSD (UST) Growth Helps LUNA Reach New All-Time Highs
Stablecoins are an important part of the centralized crypto sector and decentralized financial (DeFi) ecosystem that have emerged in recent years. One project with a stablecoin component has seen record…