Tether’s USDT Affected by ‘Panic Buying’ of Chinese Stocks: Report

USDT, the stablecoin issued by Tether, is reportedly experiencing the impacts of Chinese investors suddenly returning to their nation’s stock market. According to a new report by Bloomberg, USDT has at times traded below the value of the US dollar since the end of September. Stablecoins are usually pegged to the dollar or other assets […] source: https://dailyhodl.com/2024/10/08/tethers-usdt-affected-by-panic-buying-of-chinese-stocks-report/