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TerraUSD ‘stablecoin’ delisted from crypto exchanges

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TerraUSD, the “algorithmic stablecoin” whose collapse prompted a multibillion-dollar selloff across crypto markets, has turned off its blockchain and been delisted from major exchanges, in effect shuttering the project for good.However, the wider impact of the project’s failure appears to have been constrained.

TerraUSD was once valued at more than $40bn (£33bn).Shockwaves swept through cryptocurrency markets on Thursday as tether, the largest stablecoin and a foundational part of the digital asset ecosystem, broke its peg to the dollar.

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