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TechnologyTerraUSD Backers Seek $1.5 Billion Rescue, Cashaa CEO SaysUST stablecoin crashed from dollar peg in past few daysProspective investors can buy Luna coin at 50% discountTerra USD Stablecoin Plunges From Intended Dollar PegBySuvashree Ghosh and Emily Nicolle+FollowMay 11, 2022, 10:34 AM UTCUpdated onMay 11, 2022, 12:08 PM UTCSign up for our new Crypto newsletter and follow @crypto Twitter for the latest news.The backers of the TerraUSD algorithmic stablecoin 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.
