Company behind stablecoin TerraUSD Terraform Labs files for Chapter 11 bankruptcy
Things have gone downhill since the cryptocurrency was no longer able to maintain a one-to-one value with the US dollar.
PayPal launches US Dollar-backed stablecoin (PYUSD) to ‘transform payments in Web3’
PayPal is putting more of its chips into digital currency with a new USD-backed stablecoin.