facebook pixel
Nervous about Argentina's 50% inflation rate, one Argentine woman put her entire savings into the crypto "stablecoin" TerraUSD, which was supposed to be pegged 1-to-1 with the U.S. dollar. After the crash, it’s now worth $.08. "I feel sickened and helpless."⁠ ⁠ While crypto has a reputation for volatility, stablecoins presented a promise of security, making them an attractive tool for savings for people in countries with unstable currencies, such as Argentina, Iran, and Nigeria. The Terra crash shattered that illusion and left them with nothing. ⁠ ⁠ Click the link in our bio to read the full story. Photo by Anita Pouchard Serra/Bloomberg/Getty Images.⁠ ⁠ #cyrpto #cryptocrash #argentina #terra #stablecoin #terrausd #iran #nigeria #terracrash
https://www.instagram.com/p/CeGLqU0P4mE
Posted on Instagram ·

 14

    Suggested Credits

    Credits on Gondola describe each credited role and may be incomplete. A brand or featured person is not necessarily the creator.

    Tags, Events, and Projects