The coin is soaring over 14% to a record value of $58.12. Also helping to boost the coin’s value is an increasing trading volume; LUNA trades are up 37% over yesterday’s volume.

Instead, it was pegged to a coin as volatile as any other crypto, LUNA. When LUNA crashed, it fell from a high of roughly $116 to less than a penny and, finally, was delisted from crypto exchanges.

Google searches for stablecoins surged to record levels as market capitalization reached a new all-time high amid new US ...

Algorithmic coins, like UST don't have to be backed by anything. The peg was achieved by adjusting the supply and demand of UST and the native coin, LUNA.

Terra's luna cryptocurrency has gained around 80% in a week, making it bigger than either shiba inu or avalanche. A network upgrade and upcoming changes to how users report their tax liabilities ...