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    Tag: terrausd

    Some Updates on LUNA – UST Collapse

    Community
    Cryptory.net - Here is some latest news on the collapse of Terra (LUNA) and algorithmic stablecoin TerraUSD (UST) in the past few days.

    Tether Drops Below $1 Peg After TerraUSD and LUNA Crash

    Community
    Cryptory.net - The world's largest stablecoin Tether fell as low as $0.95 in the early hours of May 12.

    Terra Founder Do Kwon Shares Plan to Bring UST Back to Its Peg

    Community
    Cryptory.net - Do Kwon, CEO Terraform Labs, broke the silence on Twitter over the past few days with a plan to save the UST stablecoin peg.

    Binance Suspends LUNA, UST Withdrawals Due to Network Congestion Amid Market Turbulence

    Community
    Cryptory.net - According to Binance, the high volume of pending UST transactions has caused the network to be slow and congestion.
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