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Terra's protocols also feature anarbitrage mechanism, where investors can exploit deviating prices in each of the tokens. For example, too much demand for UST may result in its price topping $1. That means traders can convert $1 worth of luna into UST, and pocket the difference as profit....
As of Wednesday, bitcoin was stable at $31,927 a coin — but still down more than 50% from its November all-time high. Luna, UST's counterpart, has lost more than three quarters of its value in the past 24 hours. It was last trading at a price of $3.78. Adding to UST holde...
Stock Exchanges:New York Ticker Symbol:UST NAIC:312229 Other Tobacco Product Manufacturing; 422940 Tobacco and Tobacco Product Wholesalers; 312130 Wineries Key Dates: 1822:George Weyman, inventor of Copenhagen snuff, opens his tobacco shop in Pittsburgh, Pennsylvania. ...
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· Global Nuclear Power and Uranium Market: The uranium spot price closed down for the quarter at US$82 per pound. All three longer term uranium price indicators strengthened in September as the 3-yr Forward Price increased to US$94 per pound while the 5-yr Forward Price rep...
Ratings of the Global Debentures: A+ (stable) (Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies (Canada) Corporation) / Aa2 (stable) (Moody’s Canada, Inc.) Price to public: 99.991% I-2 Purchase price to Underwriters: ...
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The price of UST can fall below a dollar when there's too many tokens in circulation but not enough demand smart contracts — lines of code written into the blockchain — would kick in to take the excess UST out of supply and create new units of a token calledluna, which has a floati...