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Cryptocurrencies have been under immense pressure after the collapse of a so-called stablecoin called terraUSD.
Umit Turhan Coskun | Nurphoto via Getty Images
A controversial stablecoin launched just before the collapse of a similar token called terraUSD is struggling to maintain its peg to the U.S. dollar.
USDD, a so-called “algorithmic” stablecoin that’s meant to always be worth $1, plunged to as low as 93 cents on Sunday. The coin’s creator…
