Tag: TerraUSD (UST)

  • IMF head calls algorithmic stablecoins a ‘pyramid’ scheme

    IMF head calls algorithmic stablecoins a ‘pyramid’ scheme

    The head of the International Monetary Fund called algorithmic stablecoins a pyramid scheme. The collapse of TerraUSD and LUNA continues to send shockwaves through the crypto market. As we have previously reported: In May 2022, TerraUSD fell to a low of 15 cents. Although it was pegged to the US dollar based on a complex […]

    FTX To Terra Station (IN 4 STEPS)
    FTX To Terra Station (IN 4 STEPS)
  • Do Kwon dissolved Terraform Labs before UST / LUNA collapse

    Do Kwon dissolved Terraform Labs before UST / LUNA collapse

    The collapse of TerraUSD (UST) and LUNA has rocked the crypto space. The International Business Times reports that the founder of the cryptocurrency LUNA and the stablecoin TerraUSD (UST) dissolved Terraform Labs last month: Official documents leaked online reveal that Terraform Labs in Seoul and Busan in Korea were dissolved on April 30, a few […]