Generative Data Intelligence

Tag: depeg

Audit Shows Terra Groups Spent $3.4B to Defend Dollar Peg in UST

Terraform Labs Commissioned Study to Quantify Support for Stablecoin During May Crisis In a bid to quell speculation about how Terra defended its stablecoin UST...

Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg – Bitcoin News

Months after the collapse of Terra’s U.S. dollar-pegged token UST, the group created to guard the once-stable coin, the Luna Foundation Guard (LFG), printed...

Depegging DAI From USD Should Be Seriously Considered, Founder says

Depegging DAI from USD should be seriously considered according to founder Rune Christensen. He stated that he wants to transfer DAI’s collateralization away from...

What if USDT Tether depegged? – Bits on Blocks

Having spoken with a number of industry participants, it’s clear to me that the large traders do not expect USDT to depeg.  They tend to believe...

Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout

Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic...

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