Chinese Stock Frenzy Impacts Tether’s USDT
Tether’s USDT, a popular stablecoin pegged to the US dollar, is experiencing some unusual activity. Since late September, USDT has been trading below its dollar value. This is unusual for stablecoins, which are designed to maintain a 1:1 ratio with their underlying asset. What’s going on? Experts believe that Chinese investors are rushing back to…
