TerraUSD stablecoin plunges

TerraUSD stablecoin plunges

TerraUSD, the struggling and controversial algorithmic stablecoin, plunged on Wednesday as crypto markets await a rescue led by primary backer Do Kwon.

The token plunged from its intended 1-to-1 peg to the US dollar to trade at around 40 cents at 9:10 a.m. in London, data compiled by Bloomberg show.

Read entire article here: https://www.moneyweb.co.za/moneyweb-crypto/terrausd-stablecoin-plunges/

JOIN OUR NEWSLETTER

Signup today for free and be the first to get notified of breaking news.

SIGN UP FOR OUR NEWSLETTER

Sign up for Breaking Alerts, our newsletter putting timely and updated stock and crypto markets news into your hands.

Add New Playlist