As the Terra stablecoin becomes depegged from the U.S. dollar, the biggest buyer of bitcoin in recent months could become its biggest forced seller. As the Terra stablecoin becomes depegged from the U ...
Over the month of May 2022, TerraUSD depegged from the U.S. dollar following mass withdrawals from Anchor, a yield-paying lending and borrowing protocol. The token plunged as low as 10 cents on ...
Terra depegged from $1 earlier this week and is now trading at around 50 cents, as the algorithmic stablecoin erased more than $5 billion in market value virtually overnight. Stablecoins are meant ...
Martha Reyes, head of research at BEQUANT, a digital brokerage and exchange noted that Thursday wasn't the first time Tether has depegged from the US dollar, but it's still a stark sign that more ...