Tether (USDT) Depegs After Curve-Aave Loan Saga; Spooks Crypto Market
As a result, whales and investors are taking arbitrage opportunities to swap Tether (USDT) for USDC and DAI stablecoins on exchanges Curve, Uniswap, and 1inch. advertisement Tether CTO: Ready For Redemptions Amid USDT Depeg FUD Tether CTO Paolo Ardoino took to Twitter to calm rising FUD surrounding USDT amid negative sentiment in the crypto market. He claims Tether is ready for any amount of redemptions. Tether reserve backing has been a key concern for the community, with critics alleging that Tether does not have money and may default. Markets are edgy in these days, so it's easy for attackers to capitalize on this general sentiment. But at Tether we're ready as always. Let them come. We're ready to redeem any amount. — Paolo Ardoino 🍐 (@paoloardoino) June 15, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated Li...