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

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Fears of contagion among already falling cryptocurrencies if tether follows terra into collapse

Tether, 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 sector’s worst crash in years.

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Old News is re pegged again, but someone had a run on it

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Source: Guardian news - 🏆 28. / 68 Read more »

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