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Stablecoin market cap down 35% 18 months after Terra collapse
Terraform’s collapse last year and the subsequent fall of its native Terra USD (UST) stablecoin triggered a chain reaction. Stablecoin valuation shrank from $189 billion to $123 billion.
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Jump Trading is the center of the ongoing SEC-Terra suit
Jump Trading is the masked “U.S. trading firm” that the United States Securities and Exchange Commission (SEC) accused of helping sustain the TerraUSD stablecoin, UST, from de-pegging in 2021
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