Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg

An affiliate of the company behind collapsed stablecoin TerraUSD on Monday said it had spent the bulk of its reserves trying to defend its dollar peg last week and would use what little remained to compensate some users who had lost out. The token’s crash last week sent cryptocurrencies tumbling, a slide that resumed on […]

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