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    Downfall of TerraUSD Stablecoin Prompts Backers to Pursue Recovery Strategy

    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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