USDD, USDN lose their $1 peg; another UST fiasco-like event on the cards?

The ongoing crash in the cryptocurrency market witnessed a heavy amount of sell-offs across the market. Bitcoin and altcoins, both saw massive liquidations amounting to millions on a daily basis.

Timeline of Usdd, Neutrino-usd, Terrausd-wormhole

Disgruntled investors in California have filed a class-action lawsuit against Binance.US for listing TerraUSD and LUNA without disclosing UST as a security. The post Class-Action Lawsuit Filed Against Binance US in Northern California for UST Sales appeared first on BeInCrypto.

TRON's newly launched stablecoin (USDD) may be running into trouble just months after launch. The post USDD Stumbles and De-Pegs Just Months After Launch appeared first on BeInCrypto.

The week began on a wrong footing for the crypto market as the market's bleeding continued after a brief stop. Due to the extreme market situation, withdrawals for some tokens were halted, as reported by the Celsius Network.

Background In May 2022, UST and LUNA, which once recorded a total market cap of over $40 billion, collapsed overnight, and plenty of users suffered huge losses as a result. Following the crash, algorithmic stablecoins have once again become a popular crypto topic.

Justin Sun Reveals $2B injection to save the USDD peg which means a short squeeze might be incoming so let's read more today in our latest Tron news. Justin Sun reveals $2B injeciton to save the USDD peg and said that Tron will deploy the funds to protect the TRX from the funding rate shorting

Terra's LUNA and UST disaster is gradually settling, with more doubtful information regarding the company's work making its way into the public domain. There are controversies related to Do Kwon-related. Due to this consumers have come up with the legitimate question. It's all about what happened to the huge Bitcoin backing that was supposed to …

American regulators have waded into the aftermath of the terraUSD (UST) crash last month – and the coin's operators could face trouble at the hands of United States courts and the Securities and Exchange Commission (SEC).

The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Terraform Labs and the collapse of algorithmic stablecoin terrausd (UST). “SEC enforcement attorneys are investigating whether Terraform Labs broke securities and investment product rules.” SEC Launches Investigation of Terraform Labs and UST The U.S. SEC is investigating Terraform Labs and its algorithmic stablecoin terrausd (UST),

The U.S. Securities and Exchange Commission (SEC) is looking into the collapse of the TerraUSD stablecoin and whether its marketing violated federal investor protection regulations, a report from Bloomberg said Thursday (June 9). The lawyers for the SEC are seeing whether Terraform Labs, which is behind the coin, broke the rules for securities and investment

The decision is an important step in establishing the jurisdiction of US regulators and courts over the firm. The post SEC court win over Terraform and Do Kwon opens door for UST investigation, class actions appeared first on The Block.