Home / World News / Investors withdraw over $US7 billion from Tether, raising fresh fears about stablecoin’s backing

Investors withdraw over $US7 billion from Tether, raising fresh fears about stablecoin’s backing

Investors have withdrawn more than $US7 billion ($9.9b) from Tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world’s largest stablecoin.

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