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UST Stablecoin Falls To $0.30 Overnight as Terra’s Market Woes Continue

Though Bitcoin appears to have stabilized near $30,000 a coin, Terra’s stablecoin continues to crash. Now, it’s trading at around $0.50.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

UST Stablecoin Falls To $0.30 Overnight as Terra’s Market Woes Continue
Though Bitcoin appears to have stabilized near $30,000 a coin, Terra’s stablecoin continues to crash. Now, it’s trading at around $0.50.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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