Wednesday, 27 Nov 2024

Tether pays out $10bn in withdrawals since start of crypto crash

Tether pays out $10bn in withdrawals since start of crypto crash

Tether pays out $10bn in withdrawals since start of crypto crash
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The pace of withdrawals means the company is effectively dealing with a slow-motion bank run, as depositors seek to move their cash to more heavily regulated stablecoins.

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