People
CZ shares his thoughts on the crypto space following Terra’s collapse
CZ asserts that crypto projects must learn to always communicate with their communities, especially in times of crisis.
Jinia Shawdagor 3 min read Stablecoins News
Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
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Jinia Shawdagor 3 min read 
Banking
Goldman Sachs says the crypto crash will have a small impact on the U.S.
The 2022 crypto crash has deleted approximately $1 trillion from the market capitalization of the nascent sector.
Stablecoins
Stablegains in hot water after losing more than $40M due to Terra’s collapse
Stablegains allegedly invested investor funds in Anchor Protocol without informing them and lost roughly $42 million when Terra LUNA collapsed along with its UST stablecoin.
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Exchanges
Crypto exchange FTX expands into US stock trading
FTX launches its US equities trading service, accepting payments in both stablecoins and US dollars.
Stablecoins
Tether’s $82.4B reserves exceed market cap of USDT
Tether quarterly report indicates that it is still fully backed by cash and cash equivalents including commercial paper and US treasuries.
Web3
LUNA holders may veto the live vote to fork the Terra network
The voting to fork Luna is underway and is just 13% shy of being vetoed by the community and thus failing
Stablecoins
What now for stablecoins following the Terra UST disaster?
The Terra implosion provoked a backlash from lawmakers who say tougher rules on stablecoins are needed to govern the space.
Legal
South Korean lawmaker suggests summoning Do Kwon to the national assembly
According to Yun Chang-hyeon, the delay in legislation has seen investors continue losing a lot of money, and bringing in Do Kwon would help introduce measures to protect investors.
Stablecoins
Tether explains why it ‘has nothing in common’ with Terra UST
With investors still reeling from the Terra UST fallout, Tether seeks to assure investors that it is different.
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Regulation
UK Treasury reaffirms commitment to regulate stablecoins following TerraLUNA fiasco
Regulation
EU regulators criticize stablecoins to promote Euro CBDC
Stablecoins
Another algorithmic stablecoin, DEI, loses peg
Stablecoins