Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
The Terra Luna Classic community accuses Raouf Ben-Har, co-founder of @KarakNetwork, of stealing 200M USTC. Karak’s CSO denies it, blaming the Terra Foundation. $USTC trades at $0.01808, $LUNC at $0.00008329. #Update #CryptoNews
Terra Classic ($LUNC) experiences major price swings and token burns. Since TerraUSD’s peg loss, the community’s efforts have burned 123.76B LUNC, aiming to boost value. Current price: $0.00008235, market cap: $452.6M. #Update
Tether’s $USDT supply on the Telegram-linked TON blockchain grew by $580M in under two months, with net circulation at $519M. #Crypto #Blockchain
? The UAE Central Bank (@CBUAE) approved new rules for stablecoins, allowing only Dirham-backed tokens for transactions. This may limit the crypto industry and affect the UAE’s digital economy goals. Current ban on crypto mining adds to concerns. #CryptoRegulations
? Sui partners with @CopperHQ to enhance custody infrastructure for stablecoins and RWAs on its L1 blockchain. This includes new staking and DeFi features, despite $SUI dropping 2.82% to $0.856. #Update #BlockchainNews
USDT supply on @ton_blockchain has exceeded $500M, reaching $519.28M just 2 months after launch. TON’s TVL now over $600M, driven by Telegram integration and Web3 games. $TON ranks top 10 with a $18.37B market cap. #Update #CryptoNews #TON
Polkadot proposes reducing the minimum balance for $USDT and $USDC to $0.01 and cutting transaction fees by 90%. This aims to boost stablecoin adoption and compete with Solana and Ethereum. #CryptoNews
Polkadot proposes lowering minimum balances for $USDT and $USDC on its Asset Hub from $0.07 to $0.01, aiming to boost its stablecoin market position. Planned upgrades include 90% fee cuts. #Stablecoins #Crypto
The Terra Luna Classic community rejected a proposal to expand the validator set to 130, crucial for merging with Luna v2 validators. Despite this, $LUNC surged 10% and $USTC rose 5%. Top validators like @Allnodes opposed the expansion. #Update
Tether will stop USDT support on Algorand and EOS within 12 months to focus on community-centric networks. $ALGO and $EOS trading volumes spiked over 100% after the news. Tether aims to boost security and innovation. #CryptoNews
Tether halts minting $USDT on EOS and Algorand. Users have one year to redeem tokens. This move aims to optimize resources and align with community interests. #Crypto #Blockchain
Tether (@Tether_to) will stop issuing USDT on the Algorand and EOS blockchains, focusing on Ethereum and Tron. Redemption support for Algorand and EOS will continue for 12 months. This move aims to enhance security and efficiency. #CryptoNews
Montenegro PM Milojko Spajic’s $75K investment in Terraform Labs in 2018 peaked at $140M before Terra Luna’s collapse caused $40B in losses. Spajic now faces legal issues alongside Do Kwon. #CryptoVolatility #Update
On June 21, 2024, Tether’s $USDT trading volume on the TRON network hit a record $53.03B, surpassing @Visa’s Q1 2024 daily average of $42B. This milestone highlights TRON’s dominance, handling over 90% of all $USDT transactions. #CryptoNews
