USTC – DIGIT INFO

Avalanche buys back $53M in AVAX tokens from Terra’s LFG

DIGIT — Thu, 07 Nov 2024 08:19:33 +0000

The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.

Stablecoin dominance slides as market cap falls to near 2-year lows: CCData

DIGIT — Fri, 21 Jul 2023 03:07:20 +0000

After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.

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Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%

DIGIT — Fri, 28 Apr 2023 20:00:32 +0000

Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem by re-establishing the once-stable token’s peg with the U.S. dollar. In response to […]

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FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

DIGIT — Tue, 14 Mar 2023 00:47:35 +0000

The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia.

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Stablecoin issuer Paxos reportedly probed by New York regulators

DIGIT — Fri, 10 Feb 2023 05:42:03 +0000

While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year.

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South Korean officials traveled to Serbia to find Do Kwon

DIGIT — Wed, 08 Feb 2023 06:01:39 +0000

South Korean authorities have previously requested cooperation from the Serbian government to bring Kwon back.

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Terra co-founder Do Kwon hiding out in Serbia, says authorities

DIGIT — Mon, 12 Dec 2022 02:21:15 +0000

South Korean authorities have requested cooperation from the Serbian government in order to bring Kwon back to face charges in South Korea.

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FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in

DIGIT — Thu, 08 Dec 2022 07:00:00 +0000

As part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA.

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Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity

DIGIT — Mon, 28 Nov 2022 17:05:49 +0000

It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per unit, but a number of Terra Classic supporters believe there’s a chance USTC can regain its […]

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Celsius had ‘insufficient’ accounting and operational controls, says examiner

DIGIT — Mon, 21 Nov 2022 03:56:03 +0000

The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11.

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