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USD1 Stablecoin Loses $400M in Market Cap Amid Large Redemptions

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World Liberty Financial’s USD1 stablecoin has experienced a significant drop in market capitalization, losing over $400 million in the past two weeks. Data from CoinGecko shows USD1’s market cap fell from $4.43 billion on October 6 to $4.02 billion on Monday, a decline of approximately 9.1%. The…

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