News with the tag "Algorithmic stablecoin"

The stablecoin market has achieved a significant milestone, surpassing $200 billion in total market capitalization , according to data from CoinGecko . This marks a 13% increase over November, reflecting the growing adoption of stablecoins as a key asset in the cryptocurrency ecosystem. Analysts fro...

The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.

Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic ...

Charles Hoskinson, co-founder of Cardano, joined Discovery Crypto to discuss his thoughts about the state of the crypto space, what current developments in the industry suggest, and the network’s future as the “Taylor Swift of Blockchains.” Related Reading: Top-Trader Picks Cardano As Bull Market Le...

Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network.

Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem by re-establish...