Tether withdrawals top $10 billion as regulators raise alarm about stablecoins - CNBC


5/23/2022 12:00:00 AM2 years 11 months ago
by Ryan Browne

Tether has seen its circulating supply plunge from a record $84 billion on May 11 to around $73 billion as of Monday.

Investors have yanked more than $10 billion out of tether in the past two weeks amid heightened regulatory scrutiny over stablecoins. Tether, the world's largest stablecoin, has seen its circulating… [+2688 chars]

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