2022-10-11 00:02 |
USTC shot up 57% shortly after a Terra developer published a proposal calling for the community to work on bringing the former stablecoin back to its $1 pegand keep it... origin »
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In one of the most catastrophic events to ever hit the crypto industry, the prominent algorithmic stablecoin TerraClassicUSD (USTC) – formerly UST – became depegged from the US dollar around a year ago.
2023-4-29 13:42 | |
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The recent cataclysmic crash of the Terra Classic (LUNC; formerly LUNA) left several people bankrupt. South Korean officials reported 8 confirmed suicides due to this blow. Stablecoins emerged as a way for cryptocurrency investors to park their funds to escape from volatility.
2022-6-23 08:10 | |
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Do Kwon, the founder, and CEO of Terraform Labs, has faced multiple allegations of foul play regarding the collapse of the Terra (LUNC) cryptocurrency and TerraUSD (USTC) stablecoin. The post Terra Founder Do Kwon allegedly voted on his own proposal using one of his secret wallets appeared first on CryptoSlate.
2022-6-14 07:00 | |
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Developers behind the Terra Classic (LUNC) – formerly Terra – cryptocurrency and TerraClassic USD (USTC) – formerly TerraUSD (UST) – stablecoin launched Terra 2 (LUNA) in an attempt to move forward from the catastrophic crash that hit both of their tokens, losing investors millions in the process.
2022-6-1 10:20 | |
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The crypto world has come to life once again, with the collapsed TerraClassicUSD (USTC) and Luna Classic (LUNC) on the rise.
Recently, Binance, the world’s leading cryptocurrency exchange, executed the 16th batch of Terra Classic ($LUNC) burning. This resulted in the incineration of a staggering notable 3. 9 billion LUNC tokens.
Crypto analyst sees bullish signs for beaten-down USTC, but worrying weakness in Luna Classic leaves him straddling the fence.
Terra’s failed algorithmic stablecoin USTC topped CryptoSlate’s daily biggest gainers list on Nov. 27; the token’s value shot up over 150% in the last day and was up 39. 9% over 24 hours at press time.
Terra’s failed algorithmic stablecoin USTC topped CryptoSlate’s daily biggest gainers list on Nov. 27; the token’s value shot up over 150% in the last day and was up 39. 9% over 24 hours at press time.
Recently, Binance, the world’s largest cryptocurrency exchange, unveiled the USD-M USTC Perpetual Contract with 50x leverage on November 27 via Binance Futures. The contract commenced trading at 12:30 UTC, creating ripples of anticipation and excitement within the crypto community.
The three tokens of the Terra ecosystem — Terra (LUNA), Terra Classic (LUNC) and TerraClassicUSD (USTC) — have gained momentum following an update last week. The surge comes a week after Terraform Labs deployed $10 million worth of assets in…