Tether Pulled $300 Million in Cryptocurrency out of Circulation Final Week

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Tether Pulled $300 Million in Cryptocurrency out of Circulation Last Week

Tether LLC, the issuer of the eponymous USD-backed cryptocurrency tether (USDT), pulled $300 million value of the “stablecoin” out of circulation final week, simply days earlier than the token misplaced its greenback peg. Blockchain information from Omni, the second-layer protocol that operates on the Bitcoin blockchain and serves because the infrastructure for the tether token, reveals … Continued

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