Crypto News, May 12: Terra Attempts a Rescue Mission, Tether Tumbles and Altcoins Capitulate (But Good News From Germany!) | CoinMarketCap

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Crypto News, May 12: Terra Attempts a Rescue Mission, Tether Tumbles and Altcoins Capitulate (But Good News From Germany!) | CoinMarketCap
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Today's crypto news 📰 🔧 Terra Foundation passes proposal to fix the $UST peg 😱 Tether $USDT briefly loses its peg during the Asian trading hours 🇩🇪 Crypto holdings remain tax-free in Germany — only if you hodl for over a year

The Terra Foundation released a thread with a plan to save its tanking stablecoin and Tether had to fend off a market panic to keep its dollar peg. However, holders can cash out tax-free after a year in Germany, authorities said.

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