Anzen’s USDZ Stablecoin Depegs – Is Another Collapse Coming?
Real-world asset-backed stablecoin Anzen USDz (USDZ) has been struggling with high volatility and shows signs of a significant depeg.
South Korean Court Freezes $92M in Terra-Related Funds
By
Darya Rudz
As per the Seoul Southern District Court, one of those taking the biggest advantage of Terra and speculating on sales was Kernel Labs CEO Kim Hyun-Joong. According to the reports from the authorities, Kim has illegally gained at least 79 billion won ($61 million).
UK Government Proposes Contingency Plan to Deal with Possible Failure of Stablecoins
By
Tolu Ajiboye
The UK wants to avoid a problem like the recent TerraUSD collapse and is instituting a safeguard plan should stablecoins collapse.
South Korean Authorities Launch Official Probe in Terra UST Crash, Summon All Employees
The Korean investigators are looking into the possibility of any intentional manipulation of the UST stablecoin price. After the Terra 2.0 launch, the team continues to face new challenges and hurdles.