Tether (USDT) Close To Recovering Peg Despite Rising Redemptions

The largest stablecoin in the cryptocurrency world scared the already panicked market when its lost its dollar pegged value. It went down to slip as low as $0.9455 cents. However, it has now recovered to trade at the price of $0.993, at the press time. Meanwhile, the Tether organisation issued a statement amid the recovery.

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Author: toutiao