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Tether, USDT market cap has dropped by US$10B since UST collapse

USDT

USDT market cap. Image: screenshot of CoinGecko

Tether, the operator of the world’s largest stablecoin USDT, has seen US$10 billion of its market capitalization shaved off since TerraUSD’s (UST) collapse

See related article: Nearly half of Tether reserves are now in US Treasury bills

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See related article: Tether stabilizes after burning 3 billion tokens amid redemptions

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