Tether, the world’s largest stablecoin, has lost about $10B of its supply in the last couple of weeks. Investors pulled about $1B from the stablecoin late Friday evening.        

#Crypto 
https://www.cnbc.com/2022/05/23/tether-usdt-stablecoin-withdrawals-top-10-billion.html

Tether withdrawals top $10 billion as regulators raise alarm about stablecoins

Crypto

Tether, the world’s largest stablecoin, has lost about $10B of its supply in the last couple of weeks. Investors pulled about $1B from the stablecoin late Friday evening.          #Crypto  https://www.cnbc.com/2022/05/23/tether-usdt-stablecoin-withdrawals-top-10-billion.html

Jerome Cody

not sure about fully, but more than UST 😜

https://tether.to/en/understanding-tethers-peg-and-reserves/

They claim USDT coin is fully backed by collateral, ie. the coin will maintai its peg because every USDT is redeemable for dollars.  Do you believe them?

https://tether.to/en/understanding-tethers-peg-and-reserves/  They claim USDT coin is fully backed by collateral, ie. the coin will maintai its peg because every USDT is redeemable for dollars.  Do you believe them?

During periods of market volatility, users (and critics) discuss the mechanisms behind how Tether maintains the stability of USD₮ and the nature of its reserves more frequently. Tether was recently te

All meaningful returns in life, whether in wealth, relationships, or knowledge, come from compound interest.

🤓 let’s geek out 🤓

Illegitimi non carborundum

Jerome Cody

A group of likeminded people in Crypto are talking about this.