stablecoins | ForkLog

ForkLog 35 08.05.2022

UST stablecoin briefly lost its peg to the US dollar amid Anchor outflows

Against the backdrop of a decline in deposit yields over a little more than two days, more than 2.2 billion UST were withdrawn from the Anchor protocol. As a result, the Terra ecosystem's algorithmic stablecoin briefly lost its peg to the US dollar.

AI translated

ForkLog 19 05.05.2022

Luna Foundation Guard adds 37,863 BTC worth $1.5 billion

The non-profit Luna Foundation Guard (LFG) has added 37,863 BTC for a total of about $1.5 billion. The deal was conducted on the over-the-counter market, with Genesis Global Trading and Three Arrows Capital acting as intermediaries.

AI translated

ForkLog 7 05.05.2022

Tether CTO says the company has no plans to go public

The issuer of the stablecoin Tether is not considering an IPO. In an interview with CryptoPotato, CTO Paolo Ardoino said.

AI translated

ForkLog 20 05.05.2022

Algorithmic stablecoin USDD launches on the TRON network

On May 5, the TRON network released and put into circulation the algorithmic stablecoin USDD. The asset is also available on Ethereum and BNB Chain via the cross-chain protocol BTTC.

AI translated

ForkLog 17 26.04.2022

Near Protocol launches algorithmic stablecoin USN

The Near Protocol developers have launched an algorithmic stablecoin, USN, pegged to the US dollar and backed by the native NEAR token. It will be governed by the Decentral Bank DAO.

AI translated

ForkLog 35 22.04.2022

TRON to launch algorithmic stablecoin USDD

On May 5, Tron developers will launch the algorithmic stablecoin USDD backed by a native TRX token and the equivalent of $10 billion in highly liquid assets, according to Justin Sun, head of the Tron Foundation.

AI translated

ForkLog 24 19.04.2022

Paolo Ardoino: High-cap algorithmic stablecoins pose risks to the market

UST's stablecoin is dangerous for the crypto market due to its approach to collateralisation. This view was expressed in an interview with CoinDesk by Tether's chief technology officer Paolo Ardoino.

AI translated

ForkLog 19 18.04.2022

Terra’s UST surpasses Binance USD in market capitalization

The market capitalization of the algorithmic stablecoin Terra USD (UST) surpassed $17.53 billion, allowing the asset to overtake Binance USD (BUSD) and secure the third place in the ranking of stablecoins by market cap. Over the past 30 days its value has risen by almost 15%.

AI translated

ForkLog 8 15.04.2022

LFG reserves exceed 42,500 BTC

The nonprofit Luna Foundation Guard (LFG) slowed its pace of Bitcoin purchases after a broad market recovery, according to Arcane Research's report.

AI translated

ForkLog 20 14.04.2022

Terraform Labs donates 10 million LUNA to Luna Foundation Guard

Terraform Labs has transferred an additional 10 million LUNA, worth about $880 million, to the non-profit Luna Foundation Guard (LFG). The funds could be used to invest in Bitcoin to bolster the stability of the algorithmic stablecoin Terra USD (UST).

AI translated

ForkLog 20 13.04.2022

CoinGecko: Market pessimism has not affected stablecoins, Ethereum staking, or its DeFi rivals

Market weakness did not hinder growing interest in stablecoins, Ethereum staking, and DeFi protocols of its competitors. The findings come from CoinGecko's Q1 2022 report (ForkLog has it on hand).

AI translated

ForkLog 7 11.04.2022

Luna Foundation Guard buys 4,129 BTC

The non-profit Luna Foundation Guard (LFG) has added to its holdings by purchasing 4,129 BTC for $176 million. This was reported by Anthony Pompliano, co-founder of venture firm Morgan Creek Digital.

AI translated

#stablecoins