USDC Stablecoin Loses Dollar Peg Following Collapse of Major Banking Partner

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USDC Market Cap Sheds $6B as Circle Reveals $3.3B Exposure to Silicon Valley Bank

The USDC stablecoin lost its $1 peg after its issuer Circle said it has $3.3 billion stuck in the embattled Silicon Valley Bank. The post USDC Market Cap Sheds $6B as Circle Reveals $3.3B Exposure to Silicon Valley Bank appeared first on BeInCrypto.

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USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack

The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.

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Paxos Dollar (USDP) Briefly Loses Peg as NYDFS Reportedly Probes the Platform

The USDP stablecoin lost its peg briefly on Feb. 10 after falling to $0.98. The New York Department of Financial Services (NYDFS) is reportedly probing Paxos. The post Paxos Dollar (USDP) Briefly Loses Peg as NYDFS Reportedly Probes the Platform appeared first on BeInCrypto.

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Terra Classic (LUNC) Suddenly Jumps 13% as Proposal to Repeg UST Passes

Original UST stablecoin lost its peg to dollar in May 2022

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BUSD faces depegging scare: What's going on, Binance?

BUSD under FUD because of reports showing insufficient backing. Until the time of writing, the stablecoin was able to maintain its peg.  The stablecoin of trading platform Binance [BUSD] isThe post BUSD faces depegging scare: What's going on, Binance? appeared first on AMBCrypto.

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Binance Says There Were Flaws In Maintaining BUSD Peg

Binance’s BUSD stablecoin is currently one of the largest in the crypto sector, but there have been concerns about the stability of the asset, especially with the collapse of the Terra UST stablecoin.

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A Binance Stablecoin Wasn't Always Fully Backed: Bloomberg

The company acknowledged to Bloomberg that the process of maintaining the peg “has not always been flawless,” but said the problem has now been fixed.

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Waves founder announces new stablecoin as USDN depegs

Days after USDN lost its peg with USD, Waves CEO and founder Sasha Ivanov promised that his new stablecoin will be “undepeggable."

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TRON stablecoin USDD loses dollar peg amid Sun’s capital deploy, but TRX floats

TRON’s stablecoin, USDD, depegged from the dollar TRX price action held out in the negative as Justin Sun calmed the community USDD, the decentralized stablecoin of TRON [TRX], lost its peThe post TRON stablecoin USDD loses dollar peg amid Sun’s capital deploy, but TRX floats appeared first on AMBCrypto.

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Tron’s USDD loses its peg, trades at $0.98

Tron’s algorithmic stablecoin (USDD) has lost its peg amid crypto’s current tribulations due to the FTX collapse. The USDD is on shaky ground USDD, a stablecoin built on Tron’s decentralized autonomous organization (DAO), dropped to $0.967 early on Monday, reaching…

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Tron's USDD Stablecoin Falls to Under 97 Cents, Lowest Level Since June

The algorithmic decentralized stablecoin modeled after Terra's now-defunct UST lost its dollar peg last month as the collapse of FTX dented investor confidence in digital assets.

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Why Neutrino USD (USDN) Lost Its $1 Peg, but Is It the Next UST?

Neutrino USD (USDN), a stablecoin of the Waves ecosystem, has lost its peg, currently trading at $0.85. What can be the reason? The post Why Neutrino USD (USDN) Lost Its $1 Peg, but Is It the Next UST? appeared first on BeInCrypto.

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Tron’s stablecoin USDD loses dollar peg on suspected selloff by Alameda Research

Wallets associated with Sam Bankman-Fried’s Alameda Research could be behind the dollar depeg, alleges Tron’s founder.

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Tron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis

The Tron network's algorithmic stablecoin, the $700 million USDD, fell to 97 cents from its supposed $1 anchor.

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Abracadabra's MIM Stablecoin Briefly Lost Dollar Peg as FTX's FTT Token Tanked

FTT is the largest collateral backing MIM, accounting for 33% of the total locked in Abracadabra's "cauldrons."

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After Huobi Delisting Stablecoin HUSD Falls 72% From Dollar Peg

The once popular HUSD stablecoin has fallen dramatically from its $1 peg, dropping to a low of $0.34 after crypto exchange Huobi announced that it delisted the asset on Friday.

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First Mover Asia: Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K

Sasha Ivanov told CoinDesk the USDN model uses four tokens to supply liquidity and to help the stablecoin retain its $1 peg.

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CryptoSlate Wrapped Daily: Fed’s Powell hawkish on inflation as BTC tumbles, Taliban ban crypto

The biggest news in the cryptosphere for August 26 includes Federal Reserve Chairman Jerome Powell’s indication that recovery from the burgeoning inflation levels is still far from being done, and another stablecoin losing its peg from the United States Dollar as the bear market continues.

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Waves-backed stablecoin USDN breaks peg again amid protocol upgrade

Algorithmic stablecoin USDN fell to $0.90, marking the fourth time that it failed to defend its dollar peg in 2022.

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Algorithmic Stablecoin USDN Falls From Dollar Peg as Liquidity Slumps

Algorithmic stablecoin USDN, which is designed to mimic the value of the U.S. Dollar, has fallen to $0.91.

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HUSD Stablecoin Returns to $1 Peg After Liquidity Problems

The HUSD stablecoin, which is issued by Stable Universal, has returned to its $1 peg after suffering "liquidity problems" in relation to a closed market maker account.

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Dollar-Backed HUSD Stablecoin Plummets From Peg

The HUSD stablecoin currently trades at around $0.88 after losing parity to the dollar late Wednesday afternoon. HUSD in Peril Another stablecoin has broken its dollar peg. HUSD, a dollar-backed...

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Cash-Backed HUSD Stablecoin Loses Peg, Drops to 92 Cents

The token issued by Stable Universal has dropped to 8% below its $1 peg.

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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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Vires.Finance to be “reset” following Waves revival plan proposal to solve liquidity crisis

In April 2022, many called Waves a “Ponzi scheme’ as the blockchain’s primer stablecoin; USDN lost its peg to $0.81. The post Vires.Finance to be “reset” following Waves revival plan proposal to solve liquidity crisis appeared first on CryptoSlate.

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First Mover Asia: Bitcoin Holds Steady Over 20K; USDC's ‘Flippening’ of USDT and the Continued Stablecoin Bear Market

Ether and most major altcoins spent much of the day in the green; a crisis in confidence has put pressure on the USDT peg.

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First Mover Asia: Bitcoin Holds Steady Over 20K, USDC's ‘Flippening’ of USDT and the Stablecoin Bear Market

Ether and most major altcoins spent much of the day in the green; a crisis in confidence has put pressure on the USDT peg.

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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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Wallet That Helped Trigger UST Implosion Linked by Analysis Firm to Terra Developer

The popular decentralized stablecoin lost its dollar peg and fell to pennies in May. A South Korean blockchain analysis firm suggests the death spiral was sparked by transactions from a wallet linked to the lead Terra developer – though any motivation or rationale remains a mystery.

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Can Tron (TRX) maintain its value long-term after efforts for stablecoin peg?

Tron TRX/USD has a huge ecosystem of decentralized applications (dApps), many of which have gathered a high level of reputation within the crypto sphere. From decentralized finance (DeFi) to non-fungible tokens (NFTs), it is clear that this is a large and vast ecosystem that has a lot to offer.

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Tron’s USDD Stablecoin Faces Same Fate as Terra Luna’s UST

Another algorithmic stablecoin appears to be in danger of losing its peg following the UST-Terra debacle. Investors are also currently in fear of having to face the same fate as Terra’s UST historical fall.

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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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Terraform Labs Caused Collapse Of Its Stablecoin UST? This Report Says So

The company behind the failed Terra (LUNA) ecosystem, now dubbed Terra Classic (LUNC), Terraform Labs (TFL) could be behind the collapse of its native algorithmic stablecoin UST. Per a report from CoinDesk Korea, investigators linked the company to the attack that led to UST losing its peg to the U.

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TRON’s USDD Stablecoin Still Below $1 Despite $2B Cash Injection

TRONs USDD algorithmic stablecoin has been trading under its dollar peg for more than 24 hours. USDD Drops Below Peg Just 40 days after launching, USDD is fighting for its...

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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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Here's how Tron's [TRX] 18% intra-day crash affected market participants

The emerging cryptocurrency took a fatal hit today after Tron [TRX] lost the peg for its stablecoin USDD. Consequently, following the depegging, the altcoin began freefalling as well, and at the time The post Here's how Tron's [TRX] 18% intra-day crash affected market participants appeared first on AMBCrypto.

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Tron’s Stablecoin Peg to Dollar Wobbles; Justin Sun Swears to Deploy $2B to Prop Up

Decentralized USD (USDD) fell to as low as 91 cents on crypto exchanges early Monday as crypto markets crashed in the wake of the latest liquidity crisis.

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USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg

Analytics platform Nansen showed that one of the funds that capitalized on the UST depeg has started to transfer large amounts of USDD.

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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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80,000 BTC Sold by Luna Hastily Grabbed by Bitcoin Entities: Glassnode

Strong hands have hastily grabbed hold of Bitcoin sold by LFG as it strove to save its stablecoin's peg

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Is USDC Set To Overtake Tether (USDT) Soon?

The stablecoin market has witnessed one of the most unstable moments in its history this month as TerraUSD (UST) lost its peg and momentarily threatened the perceived stability of its… The post Is USDC Set To Overtake Tether (USDT) Soon? appeared first on CoinCentral.

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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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DEI Loses Peg Days After Terra’s Implosion, but Hong Kong Offers Way Out

The difficult patch for cryptocurrencies continues as Fantom’s DEI becomes the latest stablecoin to lose its peg to the U.S. dollar. The post DEI Loses Peg Days After Terra’s Implosion, but Hong Kong Offers Way Out appeared first on BeInCrypto.

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Another algorithmic stablecoin, DEI, loses peg

Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The post Another algorithmic stablecoin, DEI, loses peg appeared first on CryptoSlate.

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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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Scream protocol losses millions to stablecoin depeg

Scream, a decentralized lending protocol on the Fantom network, incurred a $35 million debt after failing to adjust the prices of two stablecoins that lost their peg on its platform.  The DeFi protocol had hardcoded the value of these affected stablecoins, Fantom USD (fUSD) and DEI, to $1, meaning their decline did not reflect on […] The post Scream protocol losses millions to stablecoin depeg appeared first on CryptoSlate.

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Fantom Stablecoin DEI Becomes Latest to Lose Dollar Peg

DEI lost as much as 46 cents in European hours this morning. It follows a trend of several algorithmic stablecoins losing their pegs.

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Do Kwon’s Roadmap For TerraUSD To Regain Its Peg As LUNA Tanks

Terra’s week from hell continues as its stablecoin remains far from the dollar peg while its native coin has slumped to zero. However, on Wednesday, Terra founder Do Kwon came up with a roadmap to restore UST’s peg.

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