2023-06-30
Bloomberg
7 related
Following the collapse of TerraUSD and Luna, South Korea passes the Virtual Asset User Protection law, which defines digital assets, imposes penalties, and more
Hooyeon Kim / Bloomberg :
2022-10-25
Decrypt
10 related
NEAR Protocol shuts down USN, its stablecoin launched in April 2022, “to safeguard USN holders” after USN exhibited risky characteristics like those of TerraUSD
To avoid another LUNA debacle, the undercollateralized USN will be phased out. — A stablecoin project …
2022-05-13
Bloomberg
45 related
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute” the network, after UST and LUNA collapsed
The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day. Source: @terra_money .
2022-04-19
Wall Street Journal
1 related
Algorithmic stablecoins like TerraUSD have surged in popularity, but critics say they are inherently risky as they aren't backed by any assets at all
Alexander Osipovich / Wall Street Journal :
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