Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing

  • Tether’s circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday, according to data from CoinGecko.
  • The so-called stablecoin slipped below its intended $1 peg Thursday amid panic over the collapse of rival token terraUSD.
  • The situation has once again placed the subject of the reserves behind tether under the spotlight.


Signup today for free and be the first to get notified of breaking news.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


Sign up for Breaking Alerts, our newsletter putting timely and updated stock and crypto markets news into your hands.

Add New Playlist