TerraUSD Backers Seek $1.5 Billion Rescue, Cashaa CEO Says
- UST stablecoin crashed from dollar peg in past few days
- Prospective investors can buy Luna coin at 50% discount
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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.