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Stablecoins are a type of cryptocurrency whose value is pegged to another asset. For example, Tetherâs USDT (the biggest stablecoin) is pegged 1-to-1 to the US dollar. But stablecoins have "depegged" in the past, losing that 1-to-1 value. Binanceâs CEO reportedly accused FTX founder Sam Bankman-Fried of trying to depeg USDT (which couldâve been a crypto disaster) as his exchange collapsed.
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