Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 4...

Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 4...

Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s 3pool, as the stablecoin pool has become unbalanced Thursday morning. Furthermore, at 9:35 a.m., a report disclosed that Tether has frozen more than 46 million tethers at the request of law enforcement. **Editor’s Note: This article’s last paragraph was updated on Nov. 10, 2022, at 3:10 p.m. (ET) to reflect a comment from a Tether spokesperson. Tether....


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