News Summary: Over $7.485 billion worth of Tether (USDT) has been redeemed for US dollars in the last week. The total supply of Tether (USDT) has reduced from the recent all-time high of $81.237 billion to $75.75 billion. The redemption of Tether and the decline of its circulating supply come on the backdrop of both UST and USDT depeging. Tether's CTO has confirmed that...
May 17 2022
Over $7.5B in Tether (USDT) Redeemed in the Last Week as Stablecoin Anxiety Hits the Crypto Markets
| published by | John P. Njui |
|---|---|
| in blog | Ethereum World News |
| original entry | Over $7.5B in Tether (USDT) Redeemed in the Last Week as Stablecoin Anxiety Hits the Crypto Markets |
altcoin news bitcoin (btc) news bitfinex terra (luna) terrausd (ust) tether (usdt)
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