Investment - TerraUSD Stablecoin Plunges, Backers Seek Rescue Plan | Bloomberg Markets and Finance

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12 May 2022

Nexo co-founder and Managing Partner Antoni Trenchev discusses the potential for a stablecoin rescue plan as the crypto complex suffers a broad plunge driven by the collapse of the TerraUSD stablecoin.

He speaks on "Bloomberg Surveillance Early Edition."

What is a stablecoin? - Coinbase

https://www.coinbase.com/learn/crypto-basics/what-is-a-stablecoin

Definition. A stablecoin is a digital currency that is pegged to a "stable" reserve asset like the U.S. dollar or gold. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. Stablecoins bridge the worlds of cryptocurrency and everyday fiat currency because their prices are pegged to a reserve ...

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GENEVA —  UN News Russian attacks on  civilian targets in Ukraine could be a war crime: UN rights office

Peskov: "Russia🇷🇺 did everything not to conduct operation in Ukraine🇺🇦, but they didn't want to talk to us."

Oh, so the criminal was in principle not going to rape and kill, but they didn't want to talk to him... https://t.co/xtjflh86em pic.twitter.com/JYGhjRYCGQ

— Mikhail Khodorkovsky (English) (@mbk_center) May 12, 2022