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


5/17/2022 12:00:00 AM2 years 11 months ago
by Ryan Browne

Tether's circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday.

Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world's largest stablecoin. Tether… [+5175 chars]

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