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Eyes off UST because Tether is (might be) at the end of its rope
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USDT was commonly seen as the troubled child amongst all the stablecoins, but things rapidly changed as TerraUSD [UST] came into the picture only to crash and burn. At press time, the ex-stablecoin was trading at $0.1258 and had a market cap ranking of 44. By comparison, Tether looked much better off – but is its stability an illusion as well?
The crypto analyst known for contrary opinions tweeted that Tether’s “implosion” was drawing near. This might not be a particularly surprising comment from said analyst, who has previously slammed Tether’s ethics. But what was worrying was a chart showing Tether’s falling market cap.
<p lang=«en» dir=«ltr» xml:lang=«en»>Tick Tock. Read more on ambcrypto.comAbout this in other media
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Stablecoin Tether boosts US Treasuries holdings livemint.com /2 years ago
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