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

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Tether, the multibillion dollar “stablecoin” that functions as the largest bank in the cryptocurrency economy, has paid out $10bn (80억 파운드) in withdrawals since the crypto crash started in early May. The pace of withdraw...

$7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisis

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Digital investors have withdrawn savings in the “stablecoin” tether worth $7.6bn (£6.2bn) since the cryptocurrency crisis began last week, suggesting the company has paid out a sum almost twice its total cash holdings...