Tether (USDT) Tremors Continue as Dollar Peg Remains Far

Tether (USDT) continues to worry the crypto space after nosediving to $0.85 on Kraken on Monday. Fears of instability remain, as evidenced by several indicators related to the Tether issuer and the Bitfinex exchange.

The Bitfinex wallet saw inflows of USDT that raised the number from around 114 million on October 15 to over 231 million. For now, the Tether Treasury has not absorbed new coins although it holds nearly 500 million coins.

The Tether Rich List also reveals that Kraken sees continued inflows of USDT, more than 40 million coins. It is possible that selling conti…

This article appeared first on Cryptovest

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