Terra’s Anchor Protocol erases ‘crypto winter’ losses, ANC price rebounds 300% in a month
ANC price risks becoming overheated, however, after a major rally. Go to Source Powered by WPeMatico
Stablecoin
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Terra price gains 75% in February as $2.57B in LUNA tokens removed from supply
The token burn appears as the supply of UST, Terra’s stablecoin, rises by nearly 14.75% in the month. Go to Source Powered by WPeMatico
Crypto Biz: Stablecoins are serious business, Feb. 17-24
The stablecoin market continues to grow and diversify: Circle’s USDC, Tether’s USDT and Terra’s UST all made headlines this week. Go to Source Powered by WPeMatico
Wyoming’s state stablecoin: Another brick in the wall?
Stablecoins are another piece in the puzzle, like DAOs or digital identity. “And if we don’t have it just right at first, we’ll fix it.” Go to Source Powered by WPeMatico
Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg
The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token has an algorithmic method to maintain its dollar value, this decentralized reserve — which will be stored in BTC — aims to … Read more
MUFG drops blockchain payment project to focus on stablecoins
Established in 2019, MUFG’s blockchain payments project GO-Net Japan is shutting down due to low expected profitability. Go to Source Powered by WPeMatico
Terra avoids Ukraine concerns rallying 18% in three days — Can LUNA price reach $200 next?
Jump Crypto and Three Arrows Capital bought $1 billion worth of LUNA tokens recently. Go to Source Powered by WPeMatico
Total stablecoin supply hits $180 billion: Report
Despite a bearish backdrop for the overall crypto industry, the stablecoin supply has hit a total of $180 billion, surging by $9.5B over the past 30 days. Go to Source Powered by WPeMatico
Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps
At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled by more than 20% since the … Read more
Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin
Terra said it chose to denominate the Forex Reserve in Bitcoin because it considered the crypto asset “less correlated to the Terra ecosystem.” Go to Source Powered by WPeMatico