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September 01, 2020 10:18am
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TerraUSD Stablecoin Plunges, Dropping Below Peg Value

By Elle Caruso & James Comtois It has not been a good week for crypto. Not only has bitcoin’s price dropped 8% on Wednesday to its lowest point since December 2020, but TerraUSD, the third-biggest “stablecoin” cryptocurrency, was trading at 23 cents. TerraUSD, which was supposed to be pegged...
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