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How a stablecoin crash shook the crypto market

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fnlondon.com

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.This...

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