Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens with the Terra-based stablecoin struggles to recover its peg to the US dollar.
Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens as the Terra-based stablecoin struggles to recover its peg to the US dollar.this morning, blaming “a high volume of pending withdrawal transactions” caused by network congestion.
The news comes amid a period of marked turbulence for Terra’s algorithmic stablecoin UST — the third largest stablecoin by total issuance behind USDT and USDC — which has fallen sharply against the dollar in the past few days. Yet the price of UST has continued to fall against that of USDT, the largest dollar-pegged stablecoin. Binance data had it down to a low of $0.6065 on Monday. It has recovered somewhat in the hours since to around $0.85 at press time.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Binance Suspends LUNA and UST Token Withdrawals.Binance suspended trading of LUNA and UST citing network congestion as the tokens' prices nosedived. thesamreynolds reports.
Consulte Mais informação »
Terra (LUNA) Plunges 14% as UST Briefly Loses Its PegTerra’s biggest stablecoin briefly lost its peg. Supporters claim it was a coordinated attack, but critics disagree
Consulte Mais informação »
UST Battles for Stability as Traders Panic, LUNA Crashes, and Bitcoin Selloff Fears Grow | CoinMarketCapA depeg of the UST stablecoin has the potential to send shockwaves through the crypto ecosystem — more so now than a few months ago.
Consulte Mais informação »
Terra (LUNA) Getting Annihilated as UST Loses Its PegOne of the hottest cryptocurrency projects is facing a major test amid market turmoil
Consulte Mais informação »
42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumblesTerra's UST stablecoin lost its peg to the U.S. dollar this week, falling to a low of 0.9428, according to CoinMarketCap.
Consulte Mais informação »