The selloff is also linked to the return of fears of rug pulls and crypto scams after the disaster of the algorithmic stablecoin UST and Luna coin, which both belong to the Terra ecosystem.
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Andre Cronje’s algorithmic stablecoin plans re-opens Terra UST wound for crypto communitySonic Labs and Yearn Finance co-founder Andre Cronje has hinted at launching a high-yield algorithmic stablecoin. In a post ...
Terraform Labs, the company behind the failed TerraUSD (UST) stablecoin and Luna (LUNA) token, has announced the launch of a ...
BTC)-backed stablecoin from Tether (CRYPTO: USDT) in the future. Aniket Verma Bankrupt Terraform Labs And Founder Do Kwon Reach Historic $4.47B Settlement With The SEC In The UST, LUNA Collapse ...
Terraform Labs launches a claims portal for UST creditors Users must submit claims by April 30 2025 to qualify for ...
This is also the case for investors in UST, the sister token of Luna with which the crypto operated in tandem. UST has lost its peg to the dollar and is currently worth $0.149973. Its market value ...
LUNA plummeted about 96% in just a 24-hour period after the network's stablecoin, TerraUSD (UST), de-pegged from the U.S. dollar and started a choppy descent May 9, creating a crypto bank run of ...
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