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Stablecoin

How Low Will Bitcoin Go?
Video
Bitcoin
How Low Will Bitcoin Go?
Bitcoin nearly dropped to $24,000 early Thursday, reaching levels previously seen in December 2020. Martin Leinweber of MV Index Solutions discusses his outlook and analysis o...
How Low Will Bitcoin Go?
By CoinDesk Staff
May 12, 2022 at 4:46 p.m. UTC
May 12, 2022
BitcoincdtvFM ClipMarkets_sponsorStablecoincrypto marketsMV Index SolutionsMartin LeinweberEuropean Commission
Do Kwon, a co-founder of Terraform Labs
Finance
Terra
LUNA, UST Issuer Terra Restarts Blockchain After Brief Shutdown
The price of LUNA fell too low to prevent governance attacks, Terraform Labs tweeted when it announced the network had been halted.
Do Kwon, a co-founder of Terraform Labs
By Nikhilesh De
May 12, 2022 at 4:29 p.m. UTC
May 12, 2022
TerraStablecoin
Sen. Pat Toomey (R-Pa.) (Kevin Dietsch/Getty Images)
Policy
Regulations
'Failure Should Be an Option,' US Sen. Pat Toomey Says of UST Turmoil
The Banking Committee’s top Republican doesn’t want asset-backed stablecoins tarnished by the UST drama.
Sen. Pat Toomey (R-Pa.) (Kevin Dietsch/Getty Images)
By Jesse Hamilton
May 11, 2022 at 8:51 p.m. UTC
May 11, 2022
RegulationsPat ToomeyStablecoinUSTCongressU.S.Senate Banking Committee
Luna Foundation Guard's Reserve Balance Declines to Zero to Defend UST Peg
Video
Cdtv
Luna Foundation Guard’s Reserve Balance Declines to Zero to Defend UST Peg
Luna Foundation Guard (LFG) has moved all of its reserves to bitcoin exchanges to defend its UST stablecoin’s 1:1 dollar peg. LFG’s reserve balance has declined from 80,394 BT...
Luna Foundation Guard's Reserve Balance Declines to Zero to Defend UST Peg
By CoinDesk Staff
May 11, 2022 at 8:08 p.m. UTC
May 11, 2022
cdtvaab clipChartDay_SponsorGeminiStablecoinLuna Foundation Guard
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
Video
Cdtv
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
Terraform Labs founder Do Kwon has been revealed as one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash. This comes as TerraUSD (UST) and T...
Ex-Terra Colleagues: Do Kwon Was Behind Failed Stablecoin Experiment Basis Cash
By CoinDesk Staff
May 11, 2022 at 6:54 p.m. UTC
May 11, 2022
cdtvHash clipStablecoinDo Kwonterraform labsLunaalgorithmic stablecoinsTerraUSD
Stablecoin USDN loses its dollar peg. (TradingView)
Markets
Stablecoin
Crisis in Terra's UST Stablecoin Spreads to Neutrino USD on Waves Protocol
Algorithmic stablecoins are under pressure after Terra's UST lost its $1 peg.
Stablecoin USDN loses its dollar peg. (TradingView)
By Krisztian Sandor
May 11, 2022 at 5:24 p.m. UTC
May 11, 2022
StablecoinWavesTerra
UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks
Video
Nikhilesh de
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 financia...
UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks
By CoinDesk Staff
May 11, 2022 at 3:36 p.m. UTC
May 11, 2022
Nikhilesh DecdtvFM ClipJanet Yellencrypto regulatioinStablecoinTerraUSD
Yellen’s Stablecoin Warning; China’s E-CNY Plans Looking Shaky
Video
China
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 affec...
Yellen’s Stablecoin Warning; China’s E-CNY Plans Looking Shaky
By CoinDesk Staff
May 11, 2022 at 3:36 p.m. UTC
May 11, 2022
ChinacdtvFM ClipJanet YellenCrypto.comDailyForkStablecoinTerraUSD
Anchor community drafted a proposal to save UST. (Javardh/Unsplash)
Markets
Terra
Anchor Community Submits Proposal to Restore UST Peg
Algorithmic stablecoin TerraUSD has fallen sharply from its $1 peg over the past 48 hours.
Anchor community drafted a proposal to save UST. (Javardh/Unsplash)
By Oliver Knight
May 11, 2022 at 10:39 a.m. UTC
May 11, 2022
TerraStablecoin
Terra's UST stablecoin fell off its peg Monday amid crypto market turmoil. (moonjazz/flickr)
Finance
Luna foundation guard
UST Backer LFG Seeks $1B to Shore Up Stablecoin Peg: Report
The funding is needed because the dollar-pegged stablecoin dropped as low as 60 cents Monday amid broader market turmoil.
Terra's UST stablecoin fell off its peg Monday amid crypto market turmoil. (moonjazz/flickr)
By Sam Kessler
May 10, 2022 at 8:41 p.m. UTC
May 10, 2022
Luna Foundation GuardStablecoinTerra