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Terra’s US dollar-pegged algorithmic cryptocurrency UST is moving up the ladder and now ranks third in terms of overall market capitalization. Today, the fast-growing Terra USD (UST) stablecoin from the Terra ecosystem passed another pivotal point, reaching a market valuation of more over $17 billion. As of Tuesday, UST had eclipsed the
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Terra (LUNA) has been aggressive about filling up its reserves with trusted cryptocurrencies to serve as a backup for its stablecoin UST. This has evolved over time to include a number of various cryptocurrencies that now make up its reserves sitting at $2.38 billion. This is still a long way
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The Terra (LUNA) blockchain’s algorithmic stablecoin Terra USD (UST) has flipped Binance USD (BUSD) to become the third-largest stablecoin on the market. UST is a USD-pegged stablecoin that was launched in September 2020. Its minting mechanism requires a user to burn a reserve asset such as LUNA to mint an
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All told, backers of both Acala and Terra expect the tie-up to grow the decentralized stablecoin market – a segment of the crypto economy that has swelled to over $25 billion. The total stablecoin market (dominated by dollar-backed USDT and USDC) has surpassed $180 billion in market capitalization. Source
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Bearish sentiment in global markets spread to crypto markets. Terra’s LUNA, Avalanche’s AVAX, and ether (ETH) saw the biggest declines in the past 24 hours outside of bitcoin in the top ten cryptocurrencies by market capitalization. In European morning hours, ether dropped to just over a major support level at
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On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth $176.1 million at the time of settlement. Using today’s bitcoin exchange rates, LFG now has a total of 39,897.98 bitcoin worth $1.7 billion. Luna Foundation Gaurd Obtains $176 Million in Bitcoin for the
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Prices have increased some 10% in the past 24 hours. Original Source
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Ether (ETH) bulls have a few good reasons to celebrate the 20% gain between March 14 and March 24. The price increase surprised many and led to the first daily close above $3,000 in 34 days. Even with this move, Marc's $2.4 billion Ether options expiry is somewhat uncertain because bears
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Anchor Protocol (ANC), the decentralized finance (DeFi) platform built on the Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26.ANC price went as high as $4.97 on the Bitfinex cryptocurrency exchange on March 3, 2022, breaking above the previous record peak near $4.50 established
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A price surge in Terra’s LUNA token over the past week has made it the second-largest staked asset among all major cryptocurrencies in terms of total value staked, according to data. LUNA surpassed ether, which has just over $28 billion in staked value, at the time of writing. Source
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