You Searched For "algorithmic stablecoins" and got 20 results
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2 mins read
Crypto market crash — How an algorithmic stablecoin differs from traditional stablecoins
The crashing value of Terra’s UST stablecoin has called the future of algorithmic stablecoins into …
3 mins read
A controversial stablecoin is 'breaking the buck.' Here's what that means, and why it's such a big deal.
The TerraUSD algorithmic stablecoin dropped to as low as $0.67 in a sell-off that was sparked over …
Carla Mozée
1 min read
Billionaire investor Bill Ackman says Terra's algorithm sounds like the 'crypto version of a pyramid scheme'
Ackman tweeted his disapproval of Terra, suggesting that the crypto industry should "self-regulate"…
Cheryl Teh
2 mins read
Tether's stablecoin loses its dollar peg again after lending platform Celsius freezes all withdrawals
Tether's collapse could potentially be crypto's "Lehman Brothers moment", GlobalBlock analyst Marcu…
George Glover
2 mins read
MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown
Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes tol…
Zahra Tayeb
3 mins read
Luna and Terra's stablecoin UST are both crashing: Here's a guide to tether, USD Coin, terra and other reserve-backed cryptocurrencies
Terra's algorithmic stablecoin UST appears to have entered a death spiral. Here's a guide to the la…
Business Insider
2 mins read
TerraUSD stablecoin tumbles and luna token plunges 97% as rescue attempts fail to avert 'death spiral'
The crash in supposed stablecoin TerraUSD has caused dismay in cryptocurrency markets, and comes du…
Harry Robertson
9 mins read
Top 6 stablecoins in the crypto market — what are they, how they work and why they have governments worried
Stablecoins perform an important role of being an intermediary store of value. According to some ex…
1 min read
Tether to launch tokens pegged to the British pound in an expansion of its lineup of stablecoins
Putting British pounds on the blockchain will provide a "faster, less costly option for asset trans…
Carla Mozée
2 mins read
Binance admits its stablecoin sometimes lost the full backing it needed to keep its price fixed at $1
The crypto exchange hadn't always maintained the necessary dollar reserves to keep its BUSD-linked …
George Glover
1 min read
Ethereum cofounder Vitalik Buterin says stablecoin turmoil should push investors back to 'principles-based thinking' and not rely on endless growth
"In general, the crypto space needs to move away from the attitude that it's okay to achieve safety…
Brian Evans
2 mins read
Stablecoins could exist alongside a digital dollar as CBDCs could help secure global payments systems, Fed Vice Chair Lael Brainard says
A CBDC "could coexist with and be complementary to stablecoins and commercial bank money," Brainard…
Carla Mozée
2 mins read
Terra's backers vote to keep luna alive and abandon stablecoin UST after its collapse drove a crypto meltdown
Terra now plans an airdrop of new luna starting Friday, but wallets with more than 1 million of old…
Hamza Fareed Malik
1 min read
The Terra blockchain will split and effectively ditch its native stablecoin in the wake of its collapse
Terra will split its original blockchain after its native stablecoin lost its peg to the dollar. Th…
Brian Evans
2 mins read
Stablecoin tether has beefed up its Treasury holdings and added over $250 million in non-US government debt to its reserves
The issuer of stablecoin tether now holds over a quarter of a billion dollars in non-US debt as par…
Amanda Cooper
2 mins read
The founder of collapsed stablecoin TerraUSD wants to build another blockchain from its network's ashes
Do Kwon wants to hard fork the Terra blockchain to create "classic" and new versions, with 1 billio…
Zahra Tayeb
2 mins read
Ethereum cofounder Vitalik Buterin wants average Terra holders to be compensated via 'coordinated sympathy' after the stablecoin's crash
The cofounder of the world's second-largest cryptocurrency called for "smallholders" of TerraUSD to…
Phil Rosen
2 mins read
Tether losing its one-to-one US dollar peg exposed its vulnerability but also showed how the stablecoin can build confidence in the future
Tether has regained its US dollar peg. But experts say losing it earlier could be a wakeup call for…
Brian Evans
2 mins read
Crypto regulation needs to allow for 'trial and error' in the market and account for variations between stablecoins, SEC Commissioner Hester Peirce says
"With experimentation ... we need to allow room for there to be failure as well because that obviou…
Carla Mozée
2 mins read
Binance suspends trading of Terra and Luna as CEO says he is 'very disappointed' with how the stablecoin creators handled the massive collapse
"[We] felt suspending trading is the best way to protect our users at this time," Binance's CEO sai…