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What’s the crypto vibe?
FT News Briefing
Stable Coins - Terra and Tether Unpegged From the Dollar
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Two of the biggest coins, terra and tether, unpegged from the dollar. Stable coins are a key way that you're moving between dollars and crypto currency. Ethan says if tether can stay at about one dollar, it's really hard to do any trading in this market. Eathen: The whole economy has felt about vives inflation when people started getting scaredAbout the state of the state is what's supposed to happen here. These coins help make the markets tick for them to work. But if you look at what happened in Libya, it looks almost as if they may not be working.
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