Tether [USDT]: Whales and what a new 3-year low means for the stablecoin

The current state of the cryptocurrency market can be best described with the help of falling dominoes. First, it was the collapse of the algorithmic stablecoin TerraUSD [UST], sowing turbulence in the broader market. Then its the grown-up cousin Tether [USDT] that wavered from the peg, fueling concerns over its status as a place to […]