Former Terra-Affiliated Project Kujira to Issue Stablecoin

The USK stablecoin is taking a cue from DAI and is set to maintain its price peg by a combination of overcollateralization of ATOM tokens and trading incentives.

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Bitcoin struggles to flip $24K to support, but data shows pro traders stacking sats

BTC futures and stablecoin margin data show whales holding steady even as Bitcoin price failed to hold above $24,000.

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Solana-based stablecoin NIRV drops 85% following $3.5M exploit

The $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece.

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CRV price prediction as Curve DAO unveils stablecoin plans

The CRV price has been in a strong bullish trend in the past few…

The post CRV price prediction as Curve DAO unveils stablecoin plans appeared first on CoinJournal.

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SHIB price forecast after announcement of TREAT token and SHI stablecoin

Shiba Inu SHIB/USD is a meme-coin that took heavy inspiration from Dogecoin DOGE/USD. However, over time, the Shiba Inu cryptocurrency saw a tremendous level of growth both in terms of its value, as well as its listings, utility, and ecosystem development.

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Stratis (STRAX) gains 200%+ after Sky Dream Mall metaverse and stablecoin announcement

STRAX price bucked the market-wide bearish downtrend by rallying 200% after the team unveiled plans for a British pound stablecoin and a new metaverse.

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Tether CTO refutes stablecoin FUD as short-sellers circle

Paolo Ardoino alleged some hedge funds are trying to create pressure “in the billions” to “harm Tether liquidity” so that they can eventually buy back tokens at a much lower price.

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Tron price prediction: TRX forms a break and retest pattern

Tron price is attempting to bounce back even as the USDD stablecoin continues losing… The post Tron price prediction: TRX forms a break and retest pattern appeared first on CoinJournal.

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One Week Later, TRON’s Terra Ripoff Is Still Worth Less Than a Dollar

The TRON stablecoin USDD is meant to track the price of the dollar, but its struggled to maintain its peg over the past week. TRON Stablecoin Faces Depeg Issues TRONs...

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LUNA and LUNC: A fight on the legal front, but what of the price front?

In light of regulatory actions following the collapse of Terra’s LUNA and its UST stablecoin, holders of these crypto-assets now seek compensation for their losses. On 13 June, a class-action lawThe post LUNA and LUNC: A fight on the legal front, but what of the price front? appeared first on AMBCrypto.

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Tron Falls Sharply As Sun Scrambles To Save Stablecoin

Tron price momentum faded over the weekend, and the price has dropped by more than 40% since then. The cryptocurrency is presently having difficulty gaining traction. Tron Falls AS USDD  Depegs TRX has dropped 19% and is now trading at $0.

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USDD Stablecoin Price: Justin Sun Fights to Save His Stablecoin

The USDD stablecoin price continued its sell-off as the newly launched stablecoin lost its… The post USDD Stablecoin Price: Justin Sun Fights to Save His Stablecoin appeared first on CoinJournal.

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Tron’s USDD Stablecoin Slips Further From Dollar Peg — Despite Overcollaterized Reserve

Tron’s algorithmic stablecoin, Decentralized USD (USDD) remained below its intended price peg with the U.S. dollar on Tuesday even after the team behind the project rushed to shore up the currency with over $2 billion in reserve assets.

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Fears of another Terra-UST implosion simmer as Tron’s USDD stablecoin loses dollar peg

Tron’s algorithmic stablecoin, USDD, has raised fears and speculations in the crypto market after its price dipped to $0.97 and lost its peg to the dollar. The post Fears of another Terra-UST implosion simmer as Tron’s USDD stablecoin loses dollar peg appeared first on CryptoSlate.

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UPFI Network integrates Chainlink Price Feeds on Solana for stablecoin operations

According to an official announcement on Wednesday, UPFI Network has incorporated Chainlink Price Feeds into the Solana mainnet. Soft-pegged to the U. S. dollar, UPFI is a partly collateralised and partially algorithmically stablecoin platform.

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Polkadot: Before parking money in DOT for 2022, read this

Let’s assume someone presents DOT’s daily price chart but only from mid-May to now. You would be mistaken to think that it is a stablecoin if you didn’t know better. This scenario highlights jusThe post Polkadot: Before parking money in DOT for 2022, read this appeared first on AMBCrypto.

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Reserve Rights (RSR) builds momentum ahead of its long-awaited mainnet launch

Steady growth in its active users, the stability of the RSV stablecoin and investors’ anticipation over the upcoming mainnet launch could boost RSR price in the short-term.

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TRON’s stablecoin USDD employs an overcollateralised mechanism to maintain the USD price peg

After Terra’s algorithmic stablecoin TerraUSD (UST) failed miserably in May, TRON announced a plan to back up its own stablecoin with more capital on Sunday morning. An announcement on Sunday says that USDD, an algorithmically stable coin on the TRON blockchain, will now be overcollateralised.

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US Fed begins quantitative tightening, Japan restricts stablecoin issuance and LUNA 2.0 rides a price roller coaster: Hodler’s Digest, May 29-June 4

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What Cardano’s Hoskinson Said About Terra: In The End Slow Wins

Inventor of Cardano and Input-Output Global (IOG) CEO, Charles Hoskinson, gave his opinion on the recent events related to the crash in the Terra Classic network, formally known as Terra. A collapse in the price of its native token LUNA caused the algorithmic stablecoin UST to deppeged from the U.

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LUNA 2.0 Suffers Significant Price Correction Hours After Launch

The recovery plan for Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra (LUNA) embarked on a bumpy route after the LUNA 2. 0 cryptocurrency suffered a substantial market fall hours after its launch.

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Terraform Labs’ Employees Probed For Intentional LUNA, UST Price Manipulation — Terra 2.0 At Risk?

One of these employees supposedly disclosed that the team had concerns about the design of the TerraUSD (UST) stablecoin from the word go.

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WEMIX gains 200%+ after stablecoin and boosted staking rewards announcement

New partnerships, a mainnet upgrade and plans to launch a stablecoin appear to have triggered a 200% rally in WEMIX price.

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CoinMarketCap Updates LUNA to Terra Classic in Anticipation of New Chain

After the UST depegging earlier this month, which caused LUNA to drop over 99% in price, the community behind the token passed a revival plan proposal that will fork the old chain, creating a new token and blockchain without the stablecoin.

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fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje.

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Are Terra developers migrating to AVAX, SOL, MATIC & ADA? The metrics say...

TerraUSD [UST] coming loose from its peg didn't just drag down the price of the stablecoin, but led to LUNA's market cap also diving and sent a shockwave of fear and anger through the communities partThe post Are Terra developers migrating to AVAX, SOL, MATIC & ADA? The metrics say... appeared first on AMBCrypto.

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MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security

MakerDAO returned to prominence after Terra’s UST collapse forced investors to search for a truly “stable” dollar pegged asset.

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Terra Luna Officially Dead, Do Kwon Releases More Statements on Twitter

After a coordinated attack last week that de-pegged the TerraUSD stablecoin, LUNA was sent into freefall as more and more coins were being minted to attempt to re-stabilize UST. Unfortunately, this caused a vicious cycle that pushed LUNA’s price to worthless levels, effectively wiping out billions of dollars worth of Terra Luna value.

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Waves USDN Stablecoin De-Pegs But Now Trades at $0.93

This is not the first occurrence of the USDN's price slipping significantly from the dollar peg

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Price discrepancies drive the growth of Terra NFTs

The last few days have been hell for the crypto market, and that’s a problem when you consider that crypto and NFTs are two sides of a coin; here’s how the crypto crash is affecting Terra NFTs. A sudden uptick in daily trading volume TerraUSD (UST) is the stablecoin associated with Terra, and amid the […] The post Price discrepancies drive the growth of Terra NFTs appeared first on NFT News Today.

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Symbiosis Integrates 1INCH to Enable Best Price Discovery

The multi-chain liquidity protocol Symbiosis has integrated the 1inch DEX aggregator to facilitate arbitrary asset swaps between EVM-compatible networks. The Symbiosis protocol manages stablecoin liquidity pools and routes the transaction through existing DEXes, so the partnership is essential to enable the best prices for the end-users as the 1inch router is working on both sides: … Continued The post Symbiosis Integrates 1INCH to Enable Best Price Discovery appeared first on BeInCrypto.

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Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra’s UST

Tether (USDT) has become the next stablecoin to suffer from the ongoing stablecoin fiasco that started with TerraUST de-pegging from the US Dollar. USDT traders were treated to a scare after the price of USDT lost its dollar parity and slid below $1 to trade as low as $0.

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Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges

The value of Tether (USDT) stablecoin against the United States dollar is seeing significant downward pressure on exchanges and has fallen below its $1 peg price. The post Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges appeared first on CryptoSlate.

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Bitcoin ‘kisses’ $24K realized price after 2nd highest seller losses in history

The classic bottom zone reappears on the back of serious sell pressure stoked by mayhem on stablecoin markets.

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Terra Co-Founder Reveals a Recovery Plan as LUNA Price Free Falls

Do Kwon unveiled a much-awaited recovery Terra LUNA and UST stablecoin recovery plan in an elaborate Twitter thread on May 11. The post Terra Co-Founder Reveals a Recovery Plan as LUNA Price Free Falls appeared first on BeInCrypto.

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LUNA price forecast: can the token recover after its collapse?

Terra LUNA/USD is a decentralized finance blockchain that aims to build a powerful global payments network.   It was specifically developed to disrupt the traditional banking system through the mass adoption of stablecoin cryptocurrencies alongside decentralized finance (DeFi) infrastructure.

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UST Woes Threaten The Trust Of Algorithmic Stablecoins

Terra’s UST, since its launch, has been the center of much attention as the crypto world remains divided on the feasibility of the initiative. With recent crypto price volatility and the stablecoin losing its peg to the dollar again, The Block’s Research Vice President Larry Cermak urged Terra to collateralize the stablecoin as he fears […]

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LUNA, Cardano, and Avalanche Price Analysis: 11 May

LUNA has fallen around 84% within 72 hours following the ruckus around the stablecoin UST. UST de-pegged from the dollar and fell below $1, as low as $0.65 before recovering to $0.94 and dropping towaThe post LUNA, Cardano, and Avalanche Price Analysis: 11 May appeared first on AMBCrypto.

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Why Is Terra Luna and UST Price Dropping? What’s Really Going On?

With the recent crypto bloodbath, most cryptocurrencies are down roughly 20% this week. However, Terra Luna has been down over 78% in the past seven days, and its stablecoin TerraUSD (UST) is down over 19%, currently trading at $0.

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LUNA Nosedives A Staggering 60% As Binance Disables Terra Withdrawals — What’s Next For UST?

TerraUSD (UST) is the market’s leading algorithmic stablecoin that works with LUNA to maintain a $1 price using Terra’s dual token mechanism.

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Binance temporarily suspends LUNA, UST withdrawals citing network congestion

The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff.

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UST Stablecoin Veers Wildly From Dollar Peg. Here's the Latest

By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021.

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Terra’s LFG Sells $750M of Bitcoin, UST Depegs by 7% (Luna Price Update)

Terra’s native stablecoin TerraUSD (UST), which has been the talk of the town for the last few weeks now, is at its worst at the moment. Stemming from UST liquidations… The post Terra’s LFG Sells $750M of Bitcoin, UST Depegs by 7% (Luna Price Update) appeared first on CoinCentral.

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Tron (TRX) price drops 6% after surging on USSD stablecoin reserve boost

Despite starting the week on a 6.1% drop, Tron (TRX) has surged by 9.3%… The post Tron (TRX) price drops 6% after surging on USSD stablecoin reserve boost appeared first on Coin Journal.

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Terra’s BTC Buying Spree Effect On Bitcoin Price

The ecosystem of layer 1 Terra has been on the rise for the past year. Apart from being cheap and easy to use, one of the best features of Terra is its native stablecoin UST. The coin is pegged to the US dollar and can be used to pay for gas fees on the network. […]

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LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?

Excessive Terra supply coupled with UST supply contraction coincides with LUNA’s price decline.

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Will Polkadot (DOT) price reverse course now that cross-chain messaging is live?

DOT price could find reason to rally now that cross-chain messaging on Polkadot brings new interoperability, liquid staking and options to mint aUSD stablecoin.

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Where to buy TRON (TRX) coin: its price is rising amid its USDD stablecoin launch

TRON (TRX) has been in the limelight over the past few days due to its much anticipated USDD stablecoin. Today, TRX has surged by over 5% marking a continuation of a bullish trend that started on 30th April after TRON announced a collaboration and investment initiatives in Suriname.

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Tron price prediction after the warm reception of USDD

The Tron (TRX/USD) price jumped to the highest level since April 2nd as investors cheered the launch of the USDD stablecoin. It rose to a high of $0. 0750, which was about 30% above the lowest level since April 11th.

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