Skip to content

TerraUSD Stablecoin Plunges as Crypto Market Awaits Rescue

  • Stablecoin crashes further from its intended dollar peg
  • Wider crypto markets holding up with Bitcoin little changed
Video player cover image
WATCH: What are the implications of an algorithmic stablecoins like Terra dropping below their peg value?Source: Bloomberg
Updated on

Sign up for our new Crypto newsletter and follow @crypto Twitter for the latest news.

TerraUSD, the controversial algorithmic stablecoin, slumped on Wednesday as crypto markets await a rescue led by primary backer Do Kwon.