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Stablecoin
UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks
During testimony before the Senate Banking and Urban Affairs Committee on Tuesday, U.S. Treasury Secretary Janet Yellen said the depegging of UST reveals the risks to financial stability and the need for a regulatory framework on stablecoins. CoinDesk's Nikhilesh De discusses Yellen's comments and the outlook for stablecoin regulation.
Yellen’s Stablecoin Warning; China’s E-CNY Plans Looking Shaky
Janet Yellen cites Terra’s UST fiasco while warning over stablecoins. Crypto.com COO warns of tough times ahead for markets. Asian Games postponement, Covid-19 lockdowns affect China’s digital yuan rollout. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Comunidad Anchor presenta propuesta para restaurar la clavija del UST
La moneda estable algorítmica TerraUSD ha caído drásticamente desde su valor de $1 en las últimas 48 horas.
El patrocinador de UST, LFG, busca mil millones de dólares para reforzar la paridad de la stablecoin, según un informe.
La financiación es necesaria porque la moneda estable vinculada al dólar cayó hasta 60 centavos el lunes en medio de una agitación más amplia del mercado.
Yellen Highlights UST Woes at Hearing on Financial Risks: Will Stablecoin Regulation Come Sooner Than Later?
U.S. Treasury Secretary Janet Yellen brought up the ongoing distress of the UST stablecoin during testimony before the Senate Banking Committee on Tuesday. This came as UST depegged from the dollar, falling as much as 40% before rebounding. “The Hash” team discusses the news timing as stablecoin regulation comes into focus on Capitol Hill.
UST Stablecoin’s Dollar Peg Collapse: What Happened and Why it Matters
Terra’s algorithmic stablecoin UST lost its dollar peg, falling as low as $0.65 before rebounding. “The Hash” panel discusses what happened, how we got here, why these developments matter and the potential impact on the wider crypto ecosystem.
Fed Issues Stablecoin Warning Amid TerraUSD Collapse
CoinDesk’s Nikhilesh De discusses a new report issued by the Federal Reserve warning of stablecoin risks as the TerraUSD (UST) coin lost its dollar peg, dropping as low as $0.65 on Monday. Plus, insights on how the UST collapse could pose a risk to the broader crypto ecosystem.
Terra's UST Stablecoin Falls as Low as 65 Cents Before Rebounding: What Went Wrong?
"Crypto Critics' Corner" Co-host Bennett Tomlin explains what might have gone wrong in the Terra Luna ecosystem leading to the TerraUSD (UST) stablecoin collapse. Tomlin explains the algorithmic stablecoin's dependence on the luna token and addresses the Luna Foundation Guard’s deployment of bitcoin reserves to rectify the price. Plus, a discussion on how centralized crypto exchanges like Binance are reacting to UST losing its peg to the U.S. dollar.
BTC Down Over 10% in 24 Hours, TerraUSD Drops to 92 Cents
TheoTrade Co-founder Don Kaufman shares his bitcoin price analysis as the “digital gold” dropped over 10% during the last 24 hours. How is BTC correlated with the Nasdaq and S&P 500?
La stablecoin UST pierde su paridad con el dólar por segunda vez en 48 horas, la capitalización de mercado de LUNA cae por debajo de la de UST
El desarrollo viene después de que LUNA Foundation Guard anunciara que sus enormes reservas de Bitcoin se utilizarán para defender la paridad del dólar de UST.
