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20 sats \ 0 replies \ @02174b3c39_lntxbot 4 Jun 2022 \ on: Why the market crash could be good for crypto | Izabella Kaminska bitcoin
The much anticipated shakeout of the crypto market has finally arrived thanks to the breaking of the buck of two key stablecoins, USD Terra and USD Tether, that have long provided a vital “hard currency” funding pathway to the crypto economy.
Finally, apparently. "breaking of the buck" ha ha my peg fell off, not even close to breaking the back of Tether. "Long provided," how long has USD Terra even been a thing.
Izabella Kaminska is the former editor of FT Alphaville
Well, no surprises there.
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