Winklevoss-Backed Stablecoin Soars Above $1 as Tether’s Market Cap Plunges

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A second stablecoin has broken its peg with the U.S. dollar except this one’s soaring well above a buck, not tanking below it.

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According to data from CoinMarketCap, the Gemini exchange-issued Gemini dollar (GUSD) saw its price hit an all-time high of $1.19 Tuesday after first breaking its…

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