All by tag: Stablecoin

The lawsuit says the token, which is pegged to the Japanese yen, collapsed by 80% the day after trading began

Do Kwon’s idea involves paying compensations to UST and LUNA holders who were unable or unwilling to sell their assets during the collapse of prices

In this, SEC Commissioner Hester Peirce believes that the regulatory framework for stablecoins should leave “room for there to be failure”

Terraform Labs will also be removed and a new mechanism for the LUNA token will be developed

The developers used a special Tether Treasury account to destroy the tokens

Janet Yellen also noted that a central bank digital currency could pose a threat to citizen privacy

Tether CTO has said that the company continues to redeem assets for US dollars one-to-one

The company has issued 240 million LUNA to protect the network from attacks

The statements were made in response to rumors circulating online

The issuance of stablecoins may be banned when the threshold of 1 million transactions per day is reached

TRON will allocate $2 billion to fight traders after the collapse of the LUNA price to protect the token

The co-founder of the Canadian exchange QuadrigaCX bought UST for USDT and then exchanged them back during a spike in the exchange rate