Over $7 billion withdrawn from Tether since breaking its dollar peg
Stablecoins are digital currencies which are relatively stable as their price is pegged to a commodity or currency
By Shubhangi Mathur
Published - May 17, 2022, 05:22 PM ET
Last Updated - Feb 28, 2024, 07:30 AM EST
• Circulating supply of Tether has fallen down to less than $76 billion on Tuesday
Investors have withdrawn more than $7 billion from Tether since the world’s largest stablecoin broke its $1 peg last week.
According to data from CoinGecko, circulating supply of Tether has fallen down to less than $76 billion on Tuesday, from about $83 billion a week ago.
Stablecoins are digital currencies which are relatively stable as their price is pegged to a commodity or currency.
