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Most rival algorithmic stablecoins are below the dollar peg after UST's collapse, while the two largest stablecoins Tether and USDC are holding their dollar peg (Joanna Ossinger/Bloomberg)

Photo of Grace Will Grace Will May 12, 2022
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Joanna Ossinger / Bloomberg:

Most rival algorithmic stablecoins are below the dollar peg after UST’s collapse, while the two largest stablecoins Tether and USDC are holding their dollar peg  —  Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering …



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