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Crypto meltdown deepens as stablecoin Tether drops below dollar peg

Posted By: Peak Mag May 12, 2022 0

HONG KONG / LONDON, May 12 (Reuters) – The meltdown in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows. Cryptocurrencies have been swept up in […]

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