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How a stablecoin crash shook the crypto market
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The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin.
Since it launched in 2020, it had mostly done that, rarely straying more than a fraction of a penny from its intended price. That made it an island of stability, a place where traders and investors could stash their funds in between forays into the otherwise frenzied crypto market.
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Read more on fnlondon.comAbout this in other media
More Crypto Market Turmoil Is Predicted by SEC Chairman Gary Gensler wsj.com /1 year ago
Crypto capital gains one of four key areas for Australian Tax Office cointelegraph.com /1 year ago
"Stablecoin" Hasn't Killed Crypto, But It Was A Narrow Escape ndtv.com /1 year ago
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