Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg - Reuters
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5/16/2022 12:00:00 AM2 years 11 months ago
An affiliate of the company behind collapsed stablecoin TerraUSD on Monday said it had spent the bulk of its reserves trying to defend its dollar peg last week and would use what little remained to compensate some users who had lost out.
HONG KONG, May 16 (Reuters) - An affiliate of the company behind collapsed stablecoin TerraUSD on Monday said it had spent the bulk of its reserves trying to defend its dollar peg last week and would… [+3477 chars]
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