A Data-Driven Update on Stablecoins - An update on the stablecoin landscape, growing supply and stablecoin trading volumes, on-chain usage and yield generation

Experiments in Stablecoins - This report covers the rise of competitor stablecoins in both the centralized and decentralized space. We break down the space into four major categories: treasury-backed stablecoins, synthetic stablecoins, fully decentralized stablecoins, and novel designs. What design choices have various proto...

Stablecoin Market Cap, Excluding Algorithmic, Hits Record $168 Billion - The stablecoin market cap, excluding algorithmic stablecoins, has reached a new all-time high of $168 billion, surpassing the previous record set in early 2022

Terra governance system passes plan to burn 1.3 billion UST tokens - Terra's core developers got approval to burn 1.3 billion UST from its community pool following a governance vote.

Terra's backers vote to keep luna alive and abandon stablecoin UST after its collapse drove a crypto meltdown - Terra now plans an airdrop of new luna starting Friday, but wallets with more than 1 million of older luna or UST are likely to wait more than a year.

Terra validator hits out at Do Kwon’s ‘dictatorship model’ on key fork vote - Terra validator Allnodes says the way the revival plan vote was managed goes against the philosophy of crypto.

Terra community seems dead set against Do Kwon’s fork proposal - According to an online poll, 90% of the community disagrees with Terraform Labs CEO Do Kwon’s path forward.

Do Kwon Wants to Fork LUNA's Blockchain to Make 'Terra Classic' - Under a plan proposed by Do Kwon, the current chain would be renamed Terra Classic. The new chain would ditch the UST stablecoin.

Ethereum cofounder Vitalik Buterin wants average Terra holders to be compensated via 'coordinated sympathy' after the stablecoin's crash - The cofounder of the world's second-largest cryptocurrency called for "smallholders" of TerraUSD to be compensated for their losses.

Luna Foundation Guard depleted its $3 billion reserves to try to save UST, it reveals - LFG said it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablecoin. 

Do Kwon Resurfaces to Propose Clean Slate for Terra—Without UST Stablecoin - Terra co-creator Do Kwon has a plan to revive the network after its collapse. It doesn't involve UST stablecoin.

Terra disaster fuels Congressional work on stablecoin legislation - Congressional leaders are changing their approaches in response to the Terra debacle.

Binance CEO Changpeng Zhao disappointed with how Terra handled UST’s collapse - Binance CEO Changpeng Zhao has weighed in on the collapse of the stablecoin TerraUSD (UST) and its related token Luna (LUNA).

Terraform Labs Launches 3 Emergency Actions to Save LUNA, UST Stablecoin - In a race to remove all bad debt from the Terra ecosystem, Terraform Labs is pulling out all the steps with three emergency actions.

BTC Pain, UST Turbulence, & Intro to Token Sinks - Chart of The Day: BTC Holders Extend Losses Note: Glassnode separates BTC holders into two classifications. Short-Term Holders (STHs) of […] The post BTC Pain, UST Turbulence, & Intro to Token Sinks appeared first on Delphi Digital.

VanEck, Wrong-footed by UST Collapse, Casts Doubt on Do Kwon’s Rescue Plan - The once booming DeFi ecosystem is in turmoil, with no help in sight from cryptocurrency’s biggest players The post VanEck, Wrong-footed by UST Collapse, Casts Doubt on Do Kwon’s Rescue Plan appeared first on Blockworks.