Shock $4 billion crypto lawsuit exposes the hidden “shadow trading” that may be artificially holding up stablecoin prices

A fresh $4 billion lawsuit tied to Terraform Labs’ collapse is becoming a test of what a stablecoin’s $1 promise means amid the adoption of dollar tokens as payment rails. The case is about more than who pays for a 2022-era failure. It also decides whether a “stable” price can be maintained by arrangements that […]