A $3.5 billion bet on bitcoin becoming a 'reserve currency' for crypto is being put to the test

A $3.5 billion bet on bitcoin becoming a ‘reserve currency’ for crypto is being put to the test

Pedestrians walk past a display of cryptocurrency Bitcoin on February 15, 2022 in Hong Kong, China. Anthony Kwan | Getty Images A multibillion-dollar bet that bitcoin can act as a “reserve currency” for the crypto economy is already being tested as UST, a controversial stablecoin, struggles to maintain its $1 peg. UST dropped close to …

A $3.5 billion bet on bitcoin becoming a ‘reserve currency’ for crypto is being put to the test Read More »