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France 24

Business

Crypto markets crash as stablecoins tumble

BUSINESS DAILY © FRANCE 24

Cryptocurrency markets are in turmoil as so-called stablecoins, designed to be protected from extreme volatility, have tumbled in recent days. One such token, Luna, has all but evaporated, plunging from a high of $118 last month to less than one cent. Plus, the airline industry is struggling with staff shortages ahead of the summer holiday season – we find out why.

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