Go read this look into how the fall of TerraUSD took everything from some stablecoin investors

The recent collapse of the TerraUSD (UST) stablecoin caught the crypto market by surprise. For people who saw Terra as a more secure asset compared to other, more openly volatile cryptocurrencies, and invested heavily in the coin or its associated Anchor protocol, they are now dealing with the aftermath as they let go of assets … Read more

Terra’s founder plans to back its stablecoin with a ‘basket’ of cryptocurrencies – TechCrunch

Along with bitcoin, backing stablecoins with different cryptocurrencies might assist broaden the digital ecosystem Jacquelyn Melinek 7 hours There have been many headlines up to now few weeks surrounding the alternatives of Do Kwon, the founding father of Terraform Labs, which created the crypto tokens LUNA and stablecoin TerraUSD (UST). Kwon beforehand introduced plans to … Read more

Lightning Labs raises funding to enable stablecoin transfers through Bitcoin network – TechCrunch

Lightning Labs is constructing infrastructure that might allow customers to ship cash internationally nearly instantaneously and at a low price by way of the Bitcoin community. The corporate simply raised funding to assist a protocol it has constructed referred to as Taro, which might permit stablecoins to be transferred on Bitcoin’s Lightning Community, Decrypt first … Read more

Ukraine Fears Stablecoin Being Used for Capital Flight, Asks Tether to Stop Transactions to Russians

Ukraine’s minister of digital transformation, Mykhailo Fedorov, has urged Tether to cease doing enterprise with Russian residents in a Twitter submit aimed on the stablecoin operator’s high-profile CTO, Paolo Ardoino. This comes amidst pleas despatched to corporations like Apple, Intel, SAP SE, and cryptocurrency exchanges to dam Russian entry to their items and companies. Tether, … Read more