Turmoil in the dollar-backed cryptocurrency world has helped tether, the largest stablecoin, to increase its lead. Traders are relying on tether more than ever after Circle Internet Financial’s USD Coin broke from its peg and New York regulators shut dow
Turmoil in the dollar-backed cryptocurrency world has helped tether, the largest stablecoin, to increase its lead. Traders are relying on tether more than ever after Circle Internet Financial’s USD Coin broke from its peg and New York regulators shut down new U.S. issuance of the world’s third-largest stablecoin, Binance USD. Crypto investors flocked to tether over the weekend after USD Coin dropped sharply below its fixed value of $1.