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Thursday 12 May 2022

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


 

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 ...

    • Estimated Reading Time: 3 mins

    • All 40 songs of the Eurovision Song Contest 2022 | Eurovision 2022

       Opening Ceremony / Turquoise Carpet - Eurovision Song Contest 2022 - Turin


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