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Traders are wondering what happened to TerraUSD’s $3bn war chest

Crypto traders and market observers had warned in recent months on social media that TerraUSD could deviate from its $1 peg

The collapse of the cryptocurrency TerraUSD has traders wondering what happened to the $3bn war chest meant to defend it.

TerraUSD is a stablecoin, meaning that it is supposed to keep its value steady at $1. But after a crash earlier this month, the coin is worth only 6 cents.

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