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In May 2022, TerraUSD — a stablecoin with an $18.7 billion market cap and supposedly pegged to the US dollar — went from $1.00 to $0.
A 2018 McKinsey analysis found that over 80% of blockchain pilots were failing to reach production. A 2022 review found the numbers had not significantly improved.
Deep analysis across the systems, strategies, and economics that shape modern technology.
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