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CryptoCointelegraphabout 2 hours ago
World Liberty USD1 Stablecoin Loses $400MWorld Liberty Financial's USD1 stablecoin shed over $400 million in market capitalization over two weeks due to large redemptions on Ethereum and BNB Chain. CoinGecko data recorded a drop from $4.43 billion on Oct. 6 to about $4.02 billion on Monday, representing a 9.1% decline. While supply contracted, the token maintained its dollar peg between $0.998 and $1.000.
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