$7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisis

Figures suggest company has paid out more than total cash on hand, as terra backers prepare relaunch

Digital investors have withdrawn savings in the “stablecoin” tether worth $7.6bn since the cryptocurrency crisis began last week, suggesting the company has paid out a sum almost twice its total cash holdings to spooked depositors.

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Guardian news /  🏆 28. in UK

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