Tag: UST

Below you can find the most recent Crypto Lists news posts about Ust.

1 year ago
UST has dropped to $0.39 in the last 24 hours. Meanwhile, Terra (LUNA) been down at $0.02, before ...
1 year ago
Over the past few days, TerraUSD or UST has lost its peg to the USD and multiple other ...
1 year ago
Tesla, the 2nd largest corporate holder of Bitcoin has just been surpassed. Tesla holds 43,200 BTC, currently valued ...

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    Today's crazy crypto market: A stablecoin rise mostToday's crazy crypto market: A stablecoin rise most
    Tuesday, 28 Jun 2022 8:14 pm
    When the best coin of the day is TerraClassicUSD (USTC), a failed stablecoin, you know that the market is a bit strange. USTC is rising 20% in a otherwise rather flat crypto market

    Will the Terra network collapse?Will the Terra network collapse?
    Wednesday, 11 May 2022 1:00 pm
    The risk of collapse of the Terra network seems to increases for every day that goes, without any significant changes in the algorithmic stablecoin and it's ties to Terra (LUNA). Do Kwon, the South Korean founder of LUNA, said on Twitter yesterday that he is "close to announcing a recovery plan for $UST. Hang tight". Still, 19 hours later, no announcement has been made about upcoming changes and UST is trading at 0.5 to the dollar, recovering from 0.3 for one dollar in the early morning. Crypto Lists find the de-peggning as far away from the wish of a stablecoin that's possible. There are surely ways to adjust the algorithmic pegging, but something has to be done - and that's quick. Terra (LUNA) fallen from top 10 in terms of market cap among the leading cryptocurrencies, to top 50 while writing this. Luna is down 90% today alone, and is trading for $3. Two weeks ago, the price for one Terra (LUNA) was 90 USD. So in general, all...
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    Will the Terra blockchain survive?Will the Terra blockchain survive?
    Tuesday, 10 May 2022 9:00 pm
    It's been some hard days for the Terra blockchain, and still is, with UST de-pegging from USD to various degree. Only on TerraSwap, you still get the 1:1 peg. On leading crypto exchanges such as Kucoin, the difference is 9.25%, and you have to pay 1.0925 UST in order to get 1 USDC or 1.091 UST to get 1 Tether. Both Gate.io and FTX is on similar levels. How long can the de-pegging continue for UST, before they throw in the towel? Luna Foundation Guard used 1.5 billion of their fast declining Bitcoin reserves in order to help the algorithmic stablecoin to survive. Crypto Lists cannot guarantee that UST is still around in...
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