financial services firm Circle. The Associated Press spoke recently with Dante Disparte, Circle's

Even though Terra is different from USDC, which is backed by dollar-equivalent assets kept in reserve, the Terra meltdown has raised concerns that these stablecoins could lose their peg too. The world’s largest stablecoin, Tether Holdings Ltd-issued USDT, briefly lost its dollar peg on May 12.... “ Instead, the reserves are strictly cash and US Treasuries.” The Terra debacle also deepened a broader crypto market downturn.... Cryptocurrency “ is obviously here to stay and its going to be here f