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Nalezeno "$1 peg": 164

USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg

13.6.2022
Analytics platform Nansen showed that one of the funds that capitalized on the UST depeg has started to transfer large amounts of USDD

UPFI Integrates Chainlink to Maintain USD Peg on Solana

9.6.2022
Chainlink’s recent integration with l Network will assist the stablecoin operations from multiple fronts. Primarily, the stable coin will receive real-time tamper-proof price feeds on the Solana mainnet. Initially, USDC/USD price feeds will be brought and referenced during mints...

First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg?

1.6.2022
Tether has relationships with a number of banks but won't say much more; bitcoin rises slightly

Fantom Stablecoin DEI Remains Below Dollar Peg For Third Day, No Updates from the Team

18.5.2022
DEI, a hybrid algorithmic stablecoin of decentralized finance (DeFi) protocol DEUS Finance, has failed to restore its intended peg, currently trading under one dollar for the third day. The stablecoin first lost its dollar peg on Sunday after a wave of uncertainty incited by the crash...

Luna Foundation Guard Discloses Usage of Bitcoin Reserves

17.5.2022
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while...

Stablecoin supplies and cash reserves in question amid crypto exodus

17.5.2022
The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week

MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security

16.5.2022
MakerDAO returned to prominence after Terra’s UST collapse forced investors to search for a truly “stable” dollar pegged asset

Fantom Stablecoin DEI Becomes Latest to Lose Dollar Peg

16.5.2022
DEI lost as much as 46 cents in European hours this morning. It follows a trend of several algorithmic stablecoins losing their pegs

Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg

13.5.2022
On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was more than $200 billion total value locked (TVL) eight days ago on May 5. One specific defi protocol called Lido, a liquid staking platform and the second largest defi...

Tether Recovers After Stabecoin Regains Peg

13.5.2022
The USDT stable coin got itself back up just as Tether’s CTO Paolo Ardoino assured investors that the peg was not broken. The assurance came through a Twitter Space session with Ardoino on Thursday. He also confirmed that Tether has no issues with redemptions, including the $600 million...

SEC's Hester Peirce says new stablecoin regs need to allow room for failure

13.5.2022
The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure

Bitcoin Jumps Above USD 30K, Ethereum Reclaims 2K as Tether Regains Peg, LUNA & UST Near Zero

13.5.2022
Bitcoin price remained well bid above USD 25,000 and started a recovery wave. It is currently (04:46 UTC) trading above the key USD 30,000 resistance zone, near USD 30,500, and is up 6% in a day, trimming its weekly losses to 17%. USDT regained its peg after losing it yesterday. (Learn more:...

Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch

12.5.2022
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. Terra Blockchain Halts in Order to Prevent...

First Mover Americas: BTC Drops 2020 Levels of $25K and Tether Loses $1 Peg

12.5.2022
The latest moves in crypto markets in context for May 12,2022

Small-cap Stablecoins Struggle to Maintain Peg as Crypto Market Crashes

12.5.2022
Some smaller-cap stablecoins are struggling to maintain their targeted peg, which is mainly USD 1, amid a huge bloodbath in crypto that has wiped off billions from the market. The development follows a depeg seen by Terra (LUNA)'s decentralized stablecoin UST, which seems to have placed...

Market Panic Puts Tether Peg Under Pressure

12.5.2022
A panic across the crypto market early Thursday morning in Europe put the stablecoin tether (USDT)’s US dollar peg under pressure, with the token trading as low as USD 0.91 on some exchanges. The crash has led some to wonder why arbitrage traders don’t seem to want “free money.”... Read More:...