Pace of withdrawals in May means ‘stablecoin’ company effectively dealing with slow-motion bank run
Tether, the multibillion dollar “stablecoin” that functions as the largest bank in the cryptocurrency economy, has paid out $10bn in withdrawals since the crypto crash started in early May.
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Tether pays out $10bn in withdrawals since start of crypto crashPace of withdrawals in May means ‘stablecoin’ company effectively dealing with slow-motion bank run
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Tether pays out $10bn in withdrawals since start of crypto crashPace of withdrawals in May means ‘stablecoin’ company effectively dealing with slow-motion bank run
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