3 ms·
Since April of this year USDT has lost ~20% of its market cap. Presumably, this was tethers being redeemed for USD. Would be interesting to know which of the li
by AlexandrB 4y ago
Since April of this year USDT has lost ~20% of its market cap. Presumably, this was tethers being redeemed for USD. Would be interesting to know which of the listed assets Tether sold off to fund these redemptions and whether they had to sell any of them at a loss.
- WFHRenaissance 4y agoIt was likely Tether being swapped for other stablecoins, or Tether swapped as a TETHER/USD pair on a centralized crypto market.