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US Federal Reserve says stablecoins are risky as UST goes down
The over-concentration of the stablecoin markets was also highlighted, with the trio of Tether (USDT), USD Coin (USDC), and Binance...
LUNA and UST crashed again, raising questions about stablecoins
LUNA and UST prices on Terra plunged this week, prompting major exchanges like Binance to suspend transactions in these assets.
Terra’s UST is now the biggest decentralized stablecoin, and it is no better than Tether
UST, originally created to withstand up to 91% of the decline in value of LUNA (according to Terra white paper),...
SEC battle vs Terraform Labs heats up with new court order enforcing subpoenas
After serving the Terraform CEO with subpoenas at recent public event, the securities regulator said the startup has failed to...
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