TerraUSD stablecoin plunges
TerraUSD, the struggling and controversial algorithmic stablecoin, plunged on Wednesday as crypto markets await a rescue led by primary backer Do Kwon.
The token plunged from its intended 1-to-1 peg to the US dollar to trade at around 40 cents at 9:10 a.m. in London, data compiled by Bloomberg show.
Read entire article here: https://www.moneyweb.co.za/moneyweb-crypto/terrausd-stablecoin-plunges/
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