Cryptocurrency TerraUSD Plunges as Investors Bail – WSJ
Cryptocurrency TerraUSD Plunges as Investors Bail – WSJ
A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value.
TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 8:53 a.m. ET, it had rebounded partially to about 30 cents in volatile trading.
