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.
Samuel Wan 6 min read
Stablecoins News
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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.
Latest Stablecoins News & Analysis
Regulation
UK Treasury reaffirms commitment to regulate stablecoins following TerraLUNA fiasco
The UK's Treasury Department will be regulating stablecoins in a move that is set to create a healthy environment for stablecoin issuers and service providers.
Regulation
EU regulators criticize stablecoins to promote Euro CBDC
EU regulators are using the attack on UST and USDT stumbling as proof that Europe needs a CBDC
Stablecoins
Another algorithmic stablecoin, DEI, loses peg
Deus' team might have contributed to the decline as the developers had halted a mechanism that allowed investors to exchange their DEI for other tokens.
Stablecoins
Terra ecosystem to vote on a fork to create Luna Classic and Luna Core
Do Kwon has released an updated revival plan for validators to vote on and create Luna Core and Luna Classic
Adoption
Dubai-based law firm, school to start accepting crypto payments
Ashish Mehta of Ashish Mehta & Associates claims Dubai and the UAEs regulatory and compliance framework encouraged his law firm to accept crypto payments.
Exchanges
Luna Foundation Guard reveals where missing 80K BTC reserves went
LFG will be distributing their remaining reserves to the smallest holders first in order to compensate users
