Turmoil in crypto market as ‘stablecoin’ tether breaks dollar peg

Turmoil in crypto market as ‘stablecoin’ tether breaks dollar peg

Fears of contagion among already-falling cryptocurrencies if tether follows terra into collapseTether, the largest “stablecoin” and a foundational part of the cryptocurrency ecosystem, is at risk of a bank run after breaking its peg to the dollar amid the sec…

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