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A branch of cryptocurrencies called stablecoins has been trying to create dependability within digital currencies. But a blowup of Terra’s UST, powered by algorithms and Luna tokens, left $60 billion of market value up in smoke and battered many investors.

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Crypto Rout, China Signals, US Consumers: 3-Minute MLIV
Mark Cudmore and Dani Burger break down today's key themes for analysts and investors on "Bloomberg Markets Europe" (Source: Bloomberg)