Will Tether Shorts Fail In Spectacular Fashion?

Tether is a stable coin that is pegged to the value of USD and catered to investors looking to move funds across cryptocurrency exchanges without volatility.

  • Hedge funds have questioned the viability of USDT to maintain its 1 to 1 peg.
  • USDT has been a subject of extreme scrutiny since the price of TerraUSD and LUNA plummeted.
  • USDT management is set to perform a comprehensive audit with a top independent firm, MHA.

The price of Tether(USDT) has remained somewhat constant despite the crash in the wider crypto market. Tether is a stable coin that is pegged to the value of USD and catered to investors looking to move funds across cryptocurrency exchanges without volatility or having to convert to fiat currency which will incur additional time and …

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