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Can stablecoins keep dollar peg after terra debacle?

The cryptocurrency market has lost $2tn since the beginning of April

iPath US Treasury Steepener ETN (STPP)

BATS - BATS Real-time price. Currency in USD

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At close: 10:37AM EDT

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Y
STPP is up 6.32% to 28.61
Y
STPP is up 5.18% to 26.99
Y
STPP is up 6.81% to 29.48