UST Stablecoin – DIGIT INFO

Binance clarifies BFUSD isn’t a stablecoin as X gets Terra flashbacks

DIGIT — Tue, 19 Nov 2024 05:36:40 +0000

Binance has clarified its forthcoming BFUSD asset is not a stablecoin as crypto users started freaking out over its promise of high yields.

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Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse

DIGIT — Tue, 14 Jun 2022 11:30:25 +0000

Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. Screening Guidelines Five of South Korea’s leading domestic cryptocurrency exchanges have said […]

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CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First

DIGIT — Mon, 16 May 2022 16:45:30 +0000

Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved. Binance’s LUNA Tokens Not Sold After his exchange faced criticism for […]

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Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch

DIGIT — Thu, 12 May 2022 19:00:15 +0000

At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. Terra Blockchain Halts in Order to Prevent Governance Attacks, Team Says Restart Coming Soon At the time […]

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US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco

DIGIT — Wed, 11 May 2022 00:00:56 +0000

As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet Yellen brought up the terrausd (UST) fiasco as an example of why a comprehensive regulatory framework is urgently […]

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Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity

DIGIT — Mon, 09 May 2022 15:30:52 +0000

As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great deal of speculation concerning UST losing […]

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Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTC

DIGIT — Thu, 05 May 2022 18:30:36 +0000

According to a report published on Thursday, the Luna Foundation Guard (LFG) explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals. The LFG now holds 80,394 bitcoin in its reserves currently worth just under $3 billion using today’s exchange rates. Luna Foundation Guard Scoops up 37,863 Bitcoin On May […]

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Luna Foundation Purchases Another $5 Million in Bitcoin, LFG Wallet Holds 42,530 BTC

DIGIT — Fri, 15 Apr 2022 19:00:15 +0000

The Luna Foundation Guard (LFG) purchased an additional 123.89 bitcoin on Friday worth close to $5 million at the time of settlement. Since mid-March, Terra’s LFG has been acquiring bitcoin on a regular basis and after the purchase on Friday morning, the non-profit organization has approximately 42,530.827 bitcoin. LFG Acquires Another Batch of Bitcoins for […]

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Luna Foundation Buys 2,508 Bitcoin for $100 Million, Stash Is Only 495 BTC Away From Tesla’s Balance

DIGIT — Wed, 13 Apr 2022 16:30:00 +0000

On April 13, Terra’s Luna Foundation Guard (LFG) acquired 2,508.94 bitcoin worth close to $100 million at the time of settlement. The purchase follows the 4,130 bitcoin LFG scooped up three days ago, and LFG’s wallet is now just over 495 bitcoin away from surpassing Tesla’s bitcoin treasury stash. Luna Foundation Adds More Bitcoin to […]

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Terra’s Luna Foundation Scoops up 4,130 Bitcoin Worth $176 Million

DIGIT — Sun, 10 Apr 2022 15:30:46 +0000

On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth $176.1 million at the time of settlement. Using today’s bitcoin exchange rates, LFG now has a total of 39,897.98 bitcoin worth $1.7 billion. Luna Foundation Gaurd Obtains $176 Million in Bitcoin for the UST Decentralized Forex Reserve […]

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