Comment on Tether investors have pulled $7 billion from the stablecoin since it lost then regained its dollar peg; 'We can keep going if th

Tether investors have pulled $7 billion from the stablecoin since it lost then regained its dollar peg; 'We can keep going if th

iStock; Insider Tether's circulation supply dipped to about $76 billion on Tuesday from $83 billion last week. "We can keep going if the market wants," Tether's chief technology officer said on Twitter. The stablecoin rattled markets when it briefly lost its US dollar peg on Thursday. Tether saw its circulation supply slip to $76 billion on Tuesday from $83 billion on Thursday, when the stablecoin briefly lost its US dollar peg.The decline of nearly $7 billion in value comes as investors remain reserved over the token's future amid calls for more transparency into the precise assets that are backing the largest stablecoin by market capitalization."We have redeemed 7B in 48h, without the blink of an eye.

 

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