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TerraUSD Stablecoin Plunges, Backers Seek Rescue Plan

The TerraUSD algorithmic stablecoin continued to spiral lower, trading at less then 30 cents. Backers of the coin are trying to raise about $1.5 billion to shore up the token after it crashed from its dollar peg, according to the founder of a firm that was approached about the deal. Sonali Basak has more on “Bloomberg Markets.”

Credit: YouTube/Bloomberg Television

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