Luna Foundation Guard Depletes $3B Reserve Fund to Rescue the UST
The non-profit organization has just unveiled some information about the status of its reserve fund.
The non-profit organization has just unveiled some information about the status of its reserve fund.
Tron founder Justin Sun has said that the Tron ecosystem will not abandon the algorithmic stablecoin USDD despite the collapse of UST and LUNA.
Stablecoin issuer Tether has reduced its positions in commercial securities over the past six months.
Vitalik Buterin, co-founder of Ethereum, has donated $4 million in USDC to the Australian University of New South Wales (UNSW) to develop a pandemic prevention solution.
The price of the stablecoin USDT has tested the level of $0.94 amid the turbulence of the market.
The Chilean central bank, which is designing the digital peso, has announced the need for autonomous operation of the system.
More than 2 billion UST were withdrawn from the Anchor protocol in less than two days against the decline in the rate of return on deposits.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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