Tether’s USDT Stablecoin Depegs from US Dollar on Exchanges After Company Froze $435M

Tether’s USDT Stablecoin Depegs from US Dollar on Exchanges After Company Froze $435M

Cryptonews

Tether’s cooperation with law enforcement has led to the USDT depeg crisis. Image by akif, Adobe Stock. Tether’s USDT, the largest stablecoin by market capitalization, depegged from its intended $1 price amid growing scrutiny over the company’s December 15 announcement of a wallet-freezing policy in collaboration with law enforcement agencies including the DOJ, FBI, and […]

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