Bitcoin at 16-Month Low as UST Collapse Shows Risks of ‘Algo’ Stablecoins

The post Bitcoin at 16-Month Low as UST Collapse Shows Risks of ‘Algo’ Stablecoins appeared on BitcoinEthereumNews.com.

Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $28,500, down about 7%, although it fared better than most other major cryptos, underscoring its status as a less…

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