Today news
About the same in other media
TerraUSD falls below its fixed value, triggering crypto selloff
Reading now: 192
One type of cryptocurrency, a so-called stablecoin, is meant to keep its value at $1. But on 9 May, the third-biggest stablecoin, TerraUSD, fell as low as 69 cents, causing a flood of investors to sell their holdings.
Stablecoins get their name from their being tied to the value of government-issued currencies, such as the dollar. These $1 pegs are usually backed by Treasuries, cash and other dollar debt that is easily sold in times of market stress.
More...
Read more on fnlondon.comAbout this in other media
SEC can't confirm if video of Bill Hinman is actually Bill Hinman in Ripple case cointelegraph.com /2 years ago
Stock futures rise slightly, with the S&P 500 on the brink of falling into a bear market cnbc.com /2 years ago
Investor Bill Ackman's take on the Terra Luna crypto crash moneycontrol.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
