Frax Finance Votes to Fully Collateralize Its $1B Stablecoin
The vote is a step for Frax’s native stablecoin frxUSD to retire its algorithmic element.
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Feb 22, 2023 at 11:03 p.m. UTC
Feb 22, 2023
Algorithmic stablecoin
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Israel's Central Bank Proposes Rules for Stablecoins Including 100% Reserve Requirement
The Bank of Israel also recommends a ban on algorithmic stablecoins if they become widely used for payments.
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Feb 22, 2023 at 1:45 p.m. UTC
Feb 22, 2023
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SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin
The collapse of TerraUSD last year led to a wave of bankruptcies in the crypto industry.
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Feb 16, 2023 at 9:57 p.m. UTC
Feb 16, 2023
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Waves Blockchain Founder Asks Exchanges to Delist WAVES Token Derivative Trading
Growing concerns over the USDN stablecoin has sent the WAVES token down 40% over the past two weeks.
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Dec 21, 2022 at 1:51 p.m. UTC
Dec 21, 2022
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Luna Foundation Guard Spent $2.8B in Crypto Defending UST Peg
Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8 billion of crypto trying to defend the peg of algorithmic stablecoin TerraUSD (UST) in May, according to a third-party audit by consultancy firm JS Held. "The Hash" hosts discuss the key findings.
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Nov 16, 2022 at 7:01 p.m. UTC
Nov 16, 2022
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Tron Network USDD Stablecoin Wobbles From Dollar Peg Amid Latest Crypto Crisis
Justin Sun speculated in a tweet that struggling trading firm Alameda might have started the deviation by selling its USDD holdings.
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Nov 10, 2022 at 1:37 a.m. UTC
Nov 10, 2022
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Do Kwon Denies Manipulation Allegation in Laura Shin Interview, Report Suggests Kwon Transited via Dubai
"The Hash" panel discusses the key takeaways from Terraform Labs co-founder Do Kwon's interview with "Unchained" podcast host Laura Shin amid rumors he has left Singapore for Dubai, and whether Kwon's earlier failed algorithmic stablecoin Basis Cash could have been an indication of UST's fate.
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Oct 21, 2022 at 6:27 p.m. UTC
Oct 21, 2022
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South Korean Prosecutors Say Reports of Do Kwon’s Stopover in Dubai ‘Not False’: Bloomberg
Terra blockchain creator Do Kwon who said he is not on the run is rumored to have left Singapore for Dubai according to South Korean prosecutors telling Bloomberg Merkle Science co founder and CEO Mriganka Pattnaik discusses what we know so far and the outlook for algorithmic stablecoins Plus insights into tracking Luna Foundation Guard's [...]
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Oct 21, 2022 at 3:21 p.m. UTC
Oct 21, 2022
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Algorithmic Stablecoins Could Work: Merkle Science Co-Founder
In the aftermath of the crash of TerraUSD (UST), Merkle Science co-founder and CEO Mriganka Pattnaik discusses the future of algorithmic stablecoins, saying "they could make sense in the future. We'd need a smarter ... more ethical version of Do Kwon."
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Oct 21, 2022 at 3:21 p.m. UTC
Oct 21, 2022