stablecoin

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Earlier his week, TerraUSD, a “stablecoin”—a cryptocurrency that’s backed by assets, including other cryptocurrencies—which is supposed to maintain a value of one dollar, fell as low as fourteen cents, and Luna, a cryptocurrency that is associated with Terra, lost virtually all its value.

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Stablecoins are a type of cryptocurrency meant to be linked to the value of fiat currency.

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