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

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$7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisis
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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Digital investors have withdrawn savings in the “stablecoin” tether worth $7.6bn since the cryptocurrency crisis began last week, suggesting the company has paid out a sum almost twice its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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