π¨The fight between #stablecoins ππ #UST flips #BUSD
https://cointelegraph.com/news/terra-s-ust-flips-busd-to-become-third-largest-stablecoin
https://cointelegraph.com/news/terra-s-ust-flips-busd-to-become-third-largest-stablecoin
Cointelegraph
Terraβs UST flips BUSD to become third-largest stablecoin
The data also shows that UST has been on a meteoric pump since mid-November, with the market cap increasing by 525% since then.
π¨Will Terra #LUNA #UST recover?
This is what CEO and Founder Do Kwon is putting in action to mitigate further disaster. β¬οΈ
https://cointelegraph.com/news/terra-founder-do-kwon-shares-plan-to-save-the-ust-stablecoin-peg
This is what CEO and Founder Do Kwon is putting in action to mitigate further disaster. β¬οΈ
https://cointelegraph.com/news/terra-founder-do-kwon-shares-plan-to-save-the-ust-stablecoin-peg
Cointelegraph
Terra founder Do Kwon shares plan to save the UST stablecoin peg
Money-printing and rallying the troops behind a confident CEO could be a way out for the beleaguered Terraform Labs company.
π¨#Japan, a powerful economy in the far east has passed a law recognizing what is a #stablecoin? How it keeps its value? In an attempt to restore trust in #crypto following the #UST collapse. π―π΅β¬οΈ
https://www.coindesk.com/policy/2022/06/03/japan-passes-landmark-stablecoin-bill-for-investor-protection-report/
https://www.coindesk.com/policy/2022/06/03/japan-passes-landmark-stablecoin-bill-for-investor-protection-report/
CoinDesk
Japan Passes Landmark Stablecoin Bill for Investor Protection: Report
The new legal framework will take effect in a year.