Company Information

Get to know Anchor Coin

Launched in March 2021 by Terraform Labs, Anchor Protocol was a decentralized finance (DeFi) money market built on the Terra blockchain. Its mission was to provide a simple and accessible savings solution with low-volatility yields for crypto depositors. The protocol's main draw was its flagship product, which offered a stable interest rate of nearly 20% APY on deposits of the TerraUSD (UST) stablecoin. This was achieved by lending out deposits to borrowers who provided bonded crypto assets as collateral. The protocol's model proved unsustainable and collapsed dramatically in May 2022 when the UST stablecoin lost its peg to the US dollar, leading to a catastrophic "death spiral" for both UST and the Terra (LUNA) token, erasing tens of billions of dollars in value.

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Financial InvestmentPRIMARY
Crypto Cryptocurrency
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Anchor Coin

Canada

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.