Russ Mould asks the question: one stablecoin has been found out, which one is next?
Russ Mould, Investment Director at stockbroker AJ Bell asks the question: one stablecoin has been found out, which one is next? This follows volatility in the crypto market this week that centred around the demise of Terra (LUNA) which collapsed by more than 99%, wiping out the fortunes of crypto investors. LUNA has been compounded by issues with Terra’s dollar-pegged stablecoin UST.
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