UST

With founder Do Kwon reportedly in Singapore, South Korean prosecutors don’t want any more Terraform Labs employees leaving the country

Umee, a cross-chain borrowing and lending DeFi hub, advocates for tighter integration between Cosmos and MakerDAO

Investment firm’s CEO calls Terra stablecoin collapse “a humbling lesson”

A consultation paper suggests the Bank of England should oversee payment systems that “threaten the stability of the UK financial system”

A governance vote for “rebirth” has ended, but the next chapter of Terra has yet to be written

It was promising to see no contagion to the banking system as a result of UST’s demise, the official said

Over 280 million LUNA have been sent to an address which permanently removes it from circulation, a process also known as burning

The latest governance maneuver from Do Kwon is set to pass, with the original chain’s native asset to become “Luna Classic”

Algorithmic stablecoins are especially complex, and UST’s crash likely influenced institutional players to take a closer look at the technology behind the tokens

Stablecoins have been responsible for great transactional autonomy, Castle Island Ventures’ Nic Carter told the Permissionless crowd. “No government is going to give that to us.”