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Tether has lost more than $10 billion in value in the last two weeks due to increased regulatory scrutiny on stablecoins.
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According to CoinDesk's main insights columnist, conspiracy theories will not shelter you from financial realities.
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Terra's revival plan has been updated three times. This includes raising genesis liquidity, implementing a new liquidity profile, and reducing allocation for select investors.
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The entire business is in jeopardy due to an unprecedented fall in algorithmic stablecoins.