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Trading at a value below 30 cents, the TerraUSD algorithmic stablecoin is experiencing a downward trajectory. Supporters of the cryptocurrency are endeavoring to gather approximately $1.5 billion to stabilize the token following its detachment from its dollar peg, as reported by the originator of a company that was solicited for assistance. Gain further insights from Sonali Basak on “Bloomberg Markets.”
Credit: YouTube/Bloomberg Television
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