Terra (CRYPTO: LUNA) tokenholders voted on proposal 1747 and decided to burn 1.388 billion TerraUSD (CRYPTO: UST) tokens after the stablecoin collapsed earlier this month.
Ethereum (CRYPTO: ETH) creator Vitalik Buterin doesn’t believe the entire category of pure-crypto stablecoins should be dismissed after the collapse of Terra’s (CRYPTO: LUNA) stablecoin Ter
The Terra (CRYPTO: LUNA) community has unanimously decided to burn 1.38 billion UST stablecoins from its pool, reducing the supply by roughly 11% of its total supply of 11.28bn tokens.
In the aftermath of the recent (CRYPTO: LUNA) debacle, which led to tens of billions of dollars of losses, (CRYPTO:Ethereum) co-founder Vitalik Buterin shared two thought experiments on evaluating if an algorithmic stablecoin is “truly a stable one.”
As we near the close of the first half of 2022, cryptocurrencies and traditional equities have two things in common: both markets have fallen from all-time highs and remain volatile.
After shaking the cryptocurrency market to its core, the developers of the Terra (CRYPTO: LUNA) blockchain are set to launch the LUNA 2.0 token on Friday.