Stablecoin market capitalization is nearing its 2022 peak of $187 billion, currently standing at $172 billion across various blockchains.
Stablecoins have proved to be useful in trading, but their success depends on market trust, collateral management, liquidity, and security.
The SEC has intensified its actions against crypto firms in 2024, collecting $4.7 billion in fines, driven by a significant settlement with Terraform Labs.
Terraform Labs recently moved $62 million in Bitcoin, following the LUNA Coin price crash with UST in 2022.
Terraform Labs sets October 30 deadline for Terra Classic users in light of last year’s collapse.
Terraform Labs has launched a new Shuttle Bridge interface to redeem wrapped assets on Terra Classic, open for 30 days post Chapter 11 plan implementation.
Terraform Labs announces its final blockchain upgrade following a $4.5 billion settlement with the SEC, leaving the future management to the community.
The Terra ecosystem faced a major crash in May 2022 when Terraform Labs’ UST stablecoin depegged, causing significant losses in the crypto market. The future of Terra remains uncertain.
Terraform Labs will dissolve after a $4.5 billion settlement with the SEC due to the collapse of its LUNA and UST cryptocurrencies, which lost $40 billion in 2022.
Terraform Labs' CEO announced the company's closure after agreeing to a $4.5 billion settlement with the SEC.
Terraform Labs and ex-CEO Do Kwon agree to a $4.5 billion settlement over UST and LUNA collapse, addressing civil fraud charges, including penalties and future transaction prohibitions.
Terraform Labs and founder Do Kwon have reached a preliminary settlement with the SEC after accusations of misleading investors before the 2022 collapse of terrausd (UST). Settlement terms are undisclosed.
The 2022 cryptocurrency market crash is attributed to Terra's failure, with its UST's flawed mechanism and Terra's management questionable transactions causing massive investor losses.
The SEC is rebuffing Terraform's argument that its alleged fraud did not occur within the US, providing instances of Do Kwon promoting UST to American investors.
The stablecoin market cap has reached $160 billion, a level not seen since the collapse of Terra's UST stablecoin in May 2022. Leading the surge, Ethena's USDE stablecoin saw significant growth in supply.
A New York jury is deliberating on a case by the SEC against Terraform Labs and Do Kwon for allegedly misleading investors about Terra USD's stability and its Korean app integration.
Andre Cronje, founder of Fantom (FTM), warns that a prominent altcoin could face a similar downturn as UST.
