Bailout Fund, Backstop or Bouncy Ball? Here's How LFG's Bitcoin ( $65,893.00 ) 'Reserve' Might Work

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Developers of the fast-growing stablecoin UST say the coin’s $1 value peg isn’t “backed” by anything – just a blockchain-based algorithm. So why does it need a multibillion-dollar bitcoin reserve, in case of an emergency? How would that work?



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