Terra is forking its blockchain and ditching UST, the algorithmic stablecoin that collapsed in dramatic fashion two weeks ago. 

In the part 1 of 2 series on how to research stablecoins, we take a look at institutionally issued stabelcoins.

Regulators around the world are turning their attention to stablecoins after UST's collapse.

The world’s largest US dollar stablecoin, Tether (USDT), today announced its first attestation report in six months. The report disclosed that Tether had decreased its commercial paper holdings – short-term commercial debt – by 17% from December 2021 through March 2022, from $24.2B to $20.1B. Tether said it has decreased its commercial paper holdings by…

Traders have taken advantage of the Fantom-based lending protocol having hard-coded fUSD and DEI at $1 despite the tokens trading below their pegs. 

The market capitalization of dollar-pegged stablecoins has dropped by $25B in the wake of Terra's collapse.

After UST’s fall, we are starting to see a shift in preference between stablecoins. In this video we take a look into where the big players are allocating their capital.

“Legislation to regulate stablecoins, where used as a means of payment, will be part of the Financial Services and Markets Bill which was announced in the Queen’s Speech,” a spokesman for Her Majesty’s Treasury told The Telegraph.

The Terra ecosystem’s notorious leader is trying to salvage the resources and talent left behind in the wreckage that is UST’s depegging.