Can Crypto’s Richest Man Stand the Cold?

Binance promoted a new, low-risk way to invest in something called TerraUSD. The token was what’s known in the trade as a “stablecoin,” a type of cryptocurrency that functions a bit like a savings account and promises to always be worth $1. Binance told customers who used its service to buy, sell, and invest in various cryptocurrencies that this particular stablecoin offered something special: the promise of annual returns of almost 20%. TerraUSD, Binance suggested to customers, could be somehow both “safe” and “high yield” The token is what's known as a stablecoin, a kind of cryptocurrency with a fixed amount of $1 and a fixed value of $100. Source