Inside Web3

The Stablecoin that collapsed


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Some of the most skeptical crypto-investors have been drawn to "Stablecoins," a sub-class of cryptocurrency that by design should always be worth $1 USD. So how did one of the most popular Stablecoins, called "TerraUSD," crash overnight? Fortune Magazine joins us to explain stablecoins, what made this one unique, and what caused the coin to lose $42 Billion in value within days. Plus we're joined by Ari Redbord, a "Crypto-cop" and the Head of Legal and Government Affairs at TRM Labs, to learn how the blockchain is actually making it easier in some ways for law enforcement to trace and identify fraud online. 

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Inside Web3By Audacy