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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Ugh. Hang tight. HODLing

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