How TerraUSD, a Digital Token Designed to be Stable, Fueled a Crypto Crash

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barrons.com12d ago

Bitcoin and other cryptocurrencies went from bad to worse as selling pressure spread across the tech landscape. But the latest crypto crash was also fueled by stablecoins, a type of token that’s supposed to hold up when everything else tanks.

Stablecoins are designed to maintain a fixed value, typically at $1 per token. But a fast-growing...