TerraUSD

Cryptocurrency News

TRON DAO Withdraws 2.5B TRX From Binance to “Safeguard the Blockchain Industry and Crypto Market”
ByDavid Bold June 16, 2022June 16, 2022

TRON DAO Reserve is doing everything in its power to ensure the survival of its USDD stablecoin amid the bearish market conditions. Recall that USDD lost its $1 peg on Monday and slipped further away from its intended value in the following days. At its lowest point on Wednesday, USDD was changing hands at $0.958. The stablecoin has since recovered some of its value and is trading at $0.975 at press time.

Read More TRON DAO Withdraws 2.5B TRX From Binance to “Safeguard the Blockchain Industry and Crypto Market”
Cryptocurrency News

Terra 2.0 to Launch Later This Week as Major Crypto Exchanges Express Support for the New Blockchain
ByDavid Bold May 26, 2022May 27, 2022

Do Kwon, the founder of Terraform Labs, the company behind the Terra blockchain, has seen its proposal to “revive” the Terra ecosystem receive more than 65% of the vote. The remaining 21% went for the “Abstain” option, and about 12% for the “No with veto”.

Read More Terra 2.0 to Launch Later This Week as Major Crypto Exchanges Express Support for the New Blockchain
Cryptocurrency News

Price of LUNA Halves in 24 Hours, UST Stablecoin Loses USD Peg in Response
ByDavid Bold May 10, 2022May 10, 2022

Key takeaways: LUNA has lost over 50% of its value since Monday and dropped close to its one year low The sudden price decrease has broken UST’s dollar peg, with the stablecoin’s price falling to as low as the $0.60 range LFG has deployed 42,500 BTC from the UST Reserve Fund to help stabilize and…

Read More Price of LUNA Halves in 24 Hours, UST Stablecoin Loses USD Peg in Response
Cryptocurrency News

TerraUSD Overtakes BUSD as Third Largest Stablecoin
ByDavid Bold April 20, 2022April 20, 2022

TerraUSD, an algorithmic stablecoin issued on the Terra blockchain, has surpassed Binance USD to become the third-largest stable digital currency in the market. At press time, UST has a market capitalization of $17.8 billion compared to BUSD’s $17.4 billion.

Read More TerraUSD Overtakes BUSD as Third Largest Stablecoin
Cryptocurrency News

Luna Foundation Guard Makes Another Nine-Figure Bitcoin Purchase, Inches Closer to $10B Goal
ByDavid Bold April 14, 2022April 14, 2022

Luna Foundation Guard (LFG) has added an additional 2,508 BTC to its UST Reserve Bitcoin address and now holds 42,406 BTC, worth $1.72 billion at current market rates. The massive crypto acquisition comes just days after the organization looking to bolster the Terra ecosystem expanded its LUNA and UST backing reserves with over $170 million worth of Bitcoin.

Read More Luna Foundation Guard Makes Another Nine-Figure Bitcoin Purchase, Inches Closer to $10B Goal
Cryptocurrency News

Bitcoin Jumps to $42,000, LUNA Tops the Charts With 20% Gains
ByDavid Bold March 9, 2022March 9, 2022

The bulls had the upper hand today, as the total cryptocurrency market cap increased by close to 6% and reached $1.89 trillion in the early hours of Wednesday. Bitcoin broke $42,000 on the heels of more than 8% 24-hour gains, while Ethereum and other major altcoins followed in the footsteps of the world’s oldest and largest crypto and generally posted high single-digit gains. In total, 93 out of the top 100 digital currencies traded in the green zone at press time.

Read More Bitcoin Jumps to $42,000, LUNA Tops the Charts With 20% Gains
Cryptocurrency News

Terra (LUNA) Gained 79% in February Thanks to Rapid DeFi Ecosystem Growth
ByDavid Bold March 2, 2022March 3, 2022

For the most part, Terra (LUNA) managed to ignore the high degree of volatility that permeated the markets throughout February. While Bitcoin and Ethereum experienced notable up and down movement, LUNA stringed together an impressive streak of price increases at the end of February that pulled its price close to its all-time high.

Read More Terra (LUNA) Gained 79% in February Thanks to Rapid DeFi Ecosystem Growth