TerraUSD Stablecoin Plunges, Dropping Below Peg Value

By Elle Caruso & James Comtois It has not been a good week for crypto. Not only has bitcoin’s price dropped 8% on Wednesday to its lowest point since December 2020, but TerraUSD, the third-biggest “stablecoin” cryptocurrency, was trading at 23 cents. TerraUSD, which was supposed to be pegged...