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As crypto crashes, Terra USD wobbles, shaking the foundations of algorithmic stablecoins

May 9, 2022 - By Connie Lin

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Terra’s stablecoin has decoupled from its peg. What does this mean, and why does it matter?

Cryptocurrencies, like most of the stock market today, are cratering amid a storm of geopolitical uncertainties, including COVID shutdowns in China and the ongoing war between Russia and Ukraine.

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