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Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity

Bitcoin.com
Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to Parity
$1 Parity
Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to ParityIt’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per unit, but a number of Terra Classic supporters believe there’s a chance USTC can regain its […]
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Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s Million Series B Funding Round

Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round

Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89

Bitcoin.com
Huobi Global to Delist HUSD — Stablecoin Slips Below Parity to alt=
Altcoins
Huobi Global to Delist HUSD — Stablecoin Slips Below Parity to alt=On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022. Furthermore, users with HUSD held on the exchange will see their balances auto-converted to the stablecoin asset tether and the exchange expects to complete the […]
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Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s Million Series B Funding Round

Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round

Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token

Bitcoin.com
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to alt=
Acala Network
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to alt=The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said “we are aware of the current liquidity […]
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Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s Million Series B Funding Round

Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round

Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy

Bitcoin.com
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy
$1 Parity
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto EconomyDuring the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower than the $1 parity and […]
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Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s Million Series B Funding Round

Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round

UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation

Bitcoin.com
UST Rebounds From alt=
$1 Parity
UST Rebounds From alt=On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover. […]
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Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s Million Series B Funding Round

Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round

As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93

Bitcoin.com
As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below Parity to alt=
$1 Parity
As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below Parity to alt=As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.932008 per token. Additionally, the Luna Foundation Guard’s bitcoin wallet and ethereum Gnosis safe address has been emptied. LUNA Price Puts Intense […]
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Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s Million Series B Funding Round

Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round

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