Why Tether (USDT) is Slipping from its $1 Peg

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Following the news of the liquidity crunch at FTX, Tether (USDT) has slipped from its $1 peg and currently trading below the $0.98 price level. The drop comes amidst reports that  USDT may be exposed to risks due to their past engagements with FTX, FTT and Alameda, which most reports have pointed out is the second largest issuer of Tether. The liquidity crunch and fear of exposure has also seen leading crypto exchange crypto.com notifying its customers via email a […]

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